A SPOKESMAN for Harlequin said the firm had not been contacted by the SFO and was not aware of the nature of the complaints it was looking at.
Claiming the firm was always “transparent” with investors, he said: “Harlequin does not believe there is any sound basis for the investigation and would welcome the opportunity to speak with the SFO to address any concerns that might have been raised with them.”
He added: “When dealing with a large amount of investors, it is unfortunately inevitable that some will not be fully satisfied.
“However the vast majority of Harlequin investors are very happy with their investments and the regular updates provided.
“This is unsurprising as property purchasers have seen the progress being made across the group’s developments.
“At Buccament Bay Resort values of properties have already increased substantially.
“Some purchasers have taken advantage of the resale service and have sold on their units, before completion, with a healthy profit.”