Belfast Telegraph

Buddhist retreat investment scheme chief 'too ill to testify'

The head of an international investment scheme offering profits of up to 400% on a Buddhist retreat in Spain is too ill to testify at a High Court case in Belfast, a judge has been told.

Mr Justice Treacy said Marcus Schlosser should come and give evidence under oath as part of his company's attempts to gain access to £215,000 from local woman Katrina Maria Mullan's bank account.

But barrister David Dunlop disclosed to the court yesterday: "My instructions are that Mr Schlosser is not in sufficient good health to attend proceedings in Northern Ireland in the near future."

He added that his client also had other commitments.

Mr Schlosser is head of the Costa Del Sol-based Rubix Project Management, a real estate vehicle said to be involved in a series of investment schemes.

The money in question has been frozen while Mrs Mullan's financial affairs are investigated. She was described in court as a paymaster appointed by Rubix, but is not charged with any offence.

The case has been adjourned for instructions to be taken on Mr Schlosser's availability for travelling to Northern Ireland.

Belfast Telegraph

Popular

From Belfast Telegraph