Former Port Vale shirt sponsor 'could have assets frozen'
A BUSINESSMAN at the helm of former Port Vale shirt sponsors Harlequin Property could be forced to stop trading this week.
David Ames is accused of taking £300 million of British investors' money and failing to build thousands of luxury properties.
The company owner is alleged to have collected millions of pounds for ambitious building projects in the Caribbean and Brazil, but less than 300 properties have so far been built, it is claimed.
Legal papers will be lodged at the High Court in Birmingham on Tuesday to freeze the assets of Harlequin Property and its directors in an attempt to claw back money for worried investors.
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Reports at the weekend also claimed Her Majesty's Revenue and Customs' pensions regulator is also poised to act if a judge's ruling is made on Friday.
Harlequin was Vale's shirt sponsor until the club went into administration last March.