Wednesday, March 26, 2008

Hungarian police reveal Italian real-estate scam

Hungarian police have revealed a billion-forint international scam involving two Italians and their companies based in Hungary, a police spokesperson said on Friday.

An Italian buyer agreed with a U.S.-based off-shore company in 2006 to pay 27 million euros for an industrial property near Milan and was planning to transfer the purchase price through a Hungarian intermediary company in order to avoid delays resulting from Italian regulations.

How to Create a Blog on Blogger

Tuscany Real Estate

Tuscany Real Estate