“They promised their targets something that seemed to be too good to be true - the opportunity to buy the Ritz Hotel and Casino in Piccadilly for the bargain price of £250m.”
“As the negotiations progressed, they sucked their victims in with more false promises and frustrated them with unnecessary requests until they managed to extract from them a payment of £1m.”
“The trio told their victims they knew the billionaire Barclay brothers, the owners of The Ritz, and could buy the hotel and casino for just £200m. They claimed they would then sell it on to Mr Collin…”
“Ms Dhir said the deal was 'a very attractive proposition' as the offer was more than half of the actual value of the hotel which was between £450m and £600m.”
