Cheated Brits Protest Bulgarian Real Estate Fraud

The British citizens have purchased appartments in the All-Seasons complex in Bansko.

A crowd of angry Britons gathered before the Bulgarian Embassy in London to protest against an alleged Bulgarian property fraud worth millions of pounds.

Over 50 British citizens called for justice near Hyde Park on Monday. The reason for the protest is that they still can not enter their flats in the Bulgarian ski resort of Bansko.

They claim they invested a total of more than GBP 6 M at a "green" stage on 70 apartments at the All-Seasons complex in the mountains above Bansko, but were defrauded.

The investors are accusing the Bulgarian real estate company "Zekom" and its director, Roman Romanov, of illicit dealing.

Since "Zekom" has sold the property to a third party, the Britons have been denied entry to their flats in All-Seasons for over two years now.

"Zekom" has been unlawfully defended by the Bulgarian justice system, the protesters said.

In March 2010, 74 British citizens stormed into the Bulgarian apartment complex, saying this is the only way to gain access to their property.

Bansko, 120 miles from the Bulgarian capital Sofia, is a top-class ski resort. British buyers used to flock to Bulgaria but have largely stopped since the country's property bubble burst in 2008.

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