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Anyone got any news on what is happening with San Jose? I
I hope it is just hear-say and completely untrue, but someone has posted on another forum "has enyone heard that San Jose has gone bust", and someone who lives in Spain has read something similar in one of the papers.
As I say, I'm sure it must be a very bad case of "Chinese Whispers", and no cause for concern - but any accurate information would be appreciated.
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Has everyone I looked at the general spain site entitled San Jose declares bankruptcy . I did not know there were other threads discussing the wider San Jose picture . I am passing this on for the over 40s like me who were perhaps only checking El Pinet . There is lots more info on the general forum. Cheers lets get strong and stick together Viva El Pinet !!!!!!
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since work recommenced at El Pinet, the first part has now been completed
The second stage (roads) is due to start within 1 week approx
Workmen have been seen measuring the site around apartments
This is all positive news for those wishing to complete at Pinet, here's hoping anyway!
I will be out there God willing in a weeks time and i will report any activity/news when i get back
Hola Pinet, Adios UK
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Hi FAR,
That is good news, interesting they are starting by the flats though. I suppose they have to start some where. If you can post some pic's I/we would be pleased to see then.
The sooner we get the habition certificates the better. I'm not sure I want to pay any more to SJ as I have have payed the same as others and I'm not out there.
9_Palms
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It seems since the first part of the work has finished, they are now negotiating the price for the roads etc and that work is supposed to resume in a week or so. I will be out there Monday so lets hope the workmen are back next week. Much as we would all like to see progress quickly, i fear it will be a long drawn out process! Lets hope it is not one property a year! (take no notice, i am just in a negative mood tonight) I am just home from watching Slum Dog Millionaire, it was quite depressing seeing all that poverty and knowing that there are people in the world really living in those terrible conditions (there but for the grace of God)
FAR
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I get the impression that we are going to have to pay some more money to SJ!! I know there are still supplies (electric & water) but I think they should fit meters. I like other who are not living out there, have payed to date, for something we are not getting!!
If there is no one working from SJ no payment!!
I have not forgotten the bag of Euro's that I handed over to SJ, tax free!!
As for Slum Dog I agree it was a film that made you think, I have been to see it. Its just over 40 years that Spain was a third world country with malaria.
I glad that I live in a house with mains water, gas and electric (250v).
Makes you think?
This message was last edited by 9_Palms on 2/25/2009.
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All credit to the Rep of C.P Residential El Pinet with SJ and the people going round fixing things.
Don't take my comments the wrong way. I like others are fed up with the lack of interest SJ has in finishing El Pinet, despite it being a "Flag ship site".
The part of the site we are in, has no lighting at night, we have been here 4 years.The water gets turned off and the voltage most of the time is 180 volts. Its no wounder things are burning out.
Also well done for not handing over anymore money. Lets see all the roads and lighting done. This message was last edited by 9_Palms on 3/5/2009.
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This is cause for consern (see below), has anyone got information to say one way or another?
Can we not take the work on ourselves (with contractors) to complete the roads and lighting? SJ are not carring out repairs any more so?
Where do we stand legally or SJ for that matter?
What have SJ done with the money they were allocated to complete the site?
Magicmeg said :-
" Well done to all who are helping and working hard in this dreadful situation.
I am waiting for one of the unfinished properties on El Pinet and I now fear the worst. I have lost a huge amount of money .Have SJ said anything at all about their future. It would appear their financial situation is worsening and they have been unable to secure the finance required to complete the infrastructure of the existing houses let alone complete the half built ones .
To add insult to injury many of us have now been told the Bank Guarentees SJ issued when they took our money /staged payments are useless and the chance of our properties being completed is unlikely .I hope I am wrong but it would seem they are preparing for full bankrupcy. Lets hope they can find a solution or the future for residents will be very difficuilt and for those waiting on properties it may be hopless."
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Here is a rough translation of one articles from the El Pinet blog site. How does it leave us? I hope this is an April fool! Should the site now be handed over to us and/or our "Habitation documents". The El Pinet commitee need to meet to get answers. I still have a copy of the original document SJ got us to sign with the higher value. I bet the courts would love to see it!
"New storm to the board of SA and Imperium Inversol SA, subsidiaries of the corporation Grupo San José. Polemics assemblies held in August 2008 led to a criminal complaint of several partners that the holder of the number 2 Orihuela court has declared admissible. As the first inquiry the judge has required financial reports from 2004 to 2007, as it investigates alleged corporate crime, fraud and concealment of accounts.
Are cited in the lawsuit to declare the seventeen components of the boards of both companies. Among the complaints is the head of Grupo San José, Jose Rodriguez, his children, his brother, Antonio Rodriguez and a number of relatives and friends that make up the board of directors. It also is said Jose Francisco Rodriguez, who was chief financial officer of these companies and who resigned from office, according to the document "a few months before for not going along with management ... and that the hidden data on the instruction of the president. "
The leaders of these companies must come to the Palace of Justice oriolano on 1 and July 29 to give his version of the allegations, as stated in the order in which it declared admissible the complaint and who has access this journal. The complainants claim that the directors of these companies created "for the purpose of deceiving shareholders and the funds appropriated for themselves and cash, which now have to prove in court.
The opening of preliminary investigation of this complaint a full years for the gruesome San Jose Group, the parent company and subsidiary of Tollo Herrada are in an arrangement with creditors since May 2008. A group of critics complained that information partners in the two annual meetings that were held last summer. Both sessions ended with controversy that it was alleged, then, that the accounts were not clear and that voting on the matter were not democratic.
In any case the founder is now facing a lawsuit for alleged misappropriation of funds and acts in society and Inversol Group SA Urban SA Urbanitas Imperium. In the first precept warns that "distort the annual accounts showing the partners in the general state of the accounts and presenting a different one in the Trade Register. The difference is in the balance sheets, as the complaint relates, the items in cash and debt, so in 2004 and 2005 reflected a "higher than the actual cash flow and lower claims against debtors to reality "he says.
The irregularities in the figures more than 5.4 million and referred to the chief financial officer left his post for not going along with management. For the alleged crime of false accounts are prison sentences of one to three years. Another fact that is reported is a loan to San Jose for Imperium 5.9 million. The complainants claim that this debt was to camouflage gave 8.95 percent of a farm to Imperium and the debt was settled for 4.5 million euros. This land, located in the Sierra del Carchá (Jumilla), argue that is not classified as urban and special protection. For this reason indicates that it "shows that the land has a value of 14.8 million and its value to the objects is zero, because you can not build houses or golf courses.
The plaintiffs made a second evaluation of this land, which states that the loan of this part of the estate "is priced at 331,000 euros when they try to give a value of almost six million euros.
This matter was brought to light the truth behind the assembly of partners Imperium. The plaintiffs point out in the document admitted by the court that the president argued that "in its action was supported by the board and if he had committed an error and remedy has not been anything to Imperium will remove it to other urban enterprises "show the plaintiffs in the words addressed." This message was last edited by 9_Palms on 4/2/2009.
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Blog 8th April "To inform that this morning the Inspectors from the Tawn Hall have been checking the site to see if San José Inversiones can proceed to continue with the building. We hope we know from them next week".
Has anyone got an update on this or any other info?
This message was last edited by 9_Palms on 4/21/2009.
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I have just been told by a friend who owns a property at Pinet to expect some very good news on the Pinet blog next week. Just when I thought things could not get much worse, this is very unexpected!
Sorry I cannot be more specific
Keep watching the blog for news www.pinetmr9.blogspot.com
FAR
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We have all heard this type of news before and got excited over it and then things have come to nothing so let us keep everything in perspective, however I do not want to dampen anyones positive feelings and hope that everything materialises as discussed this month because we all want to be able to be living in the place that looked something like the pictures that we saw when we visited. We all love the area so much.
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Reunión por el NO COMIENZO DE LAS OBRAS; Comunicado 17 Junio 2009
Can anyone make sense of this communication from the meeting that was held. Posted on the blog, Monday 22 June 2009. If we get the english version on the 23rd will it be just as detailed?
I gather in short they want "their" money. They have fallen out with the roads and lighting company JOST. I understand that they only had a time to get the lighting done as it doesn't comply with the new regulations.
Can we take 2 weeks to read as next year?
Does anyone know if the administrator has been appointed from the village yet?
This message was last edited by 9_Palms on 23/06/2009.
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