Kulaksiz 5 v Akfinans Bank – will the winner be Justice?

I am so aware that the Hearing scheduled for tomorrow for the Kulaksiz 5 -v- Akfinans Bank Limited could be the start of a new era of Justice in the TRNC or the beginning of the end for all Property Scam victims. I feel that the verdict could be that crucial. This is a purely personal point of view and I am sure many will think I am over reacting.

I know the Hearing is only asking for an Interim Injunction to stop the Bank selling the properties they, as the only bidders, bought at auction on the 6th June 2010. You will hear the Bank claim that they paid 2,077,000 TL for these properties whereas you and I know that, as the buyers and the sellers, the net cost to them was in fact only the original loan of 104,000 TL advanced to the Landowner and Builder who had in fact already sold these properties with legally binding Contracts to the members of the Kulaksiz 5.

I agree that since allegedly illegally repossessing my villa and the villa of Eva McCluskey they have spent a great deal of money on improving them either for inhabiting themselves or selling on. This could be considered a little premature since the final verdicts of the court cases mounted by Kulaksiz 5 have not been given and is the reason why K5 are anxious to obtain this Interim Injunction.

The residents of Kulaksiz 5 find themselves living in the middle of a building site, at a time in their lives when they should be living without such stresses. Does Akfinans really believe that making innocent people homeless will enhance their popularity amongst right minded people? Do they really believe that such acts will convince the people of the TRNC, both citizens and residents, that they are in the right and Kulaksiz 5, who invested so much of their lives and their money in their villas, are wrong?

When the previous Minister of the Interior lost his Government Post he is quoted as saying ‘I did nothing wrong’, he still lost his job.

Each member of Kulaksiz 5 will tell you ‘I did nothing wrong’ so let us pray that they too will not become losers. If the unthinkable does happen then you can be sure that those in the mortgage queue, some 1400 people, will suffer the same fate.

Show your support by being at the Court tomorrow. It is not a Protest, just the act of one human being showing concern for another human being.

Never give in, never give up.

Pauline Read CIOJ

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