Over 200 Arck LLP investors have written to their MPs to put pressure on Yorkshire Bank over its involvement in the failed property investments.
Money Marketing revealed in March last year a liquidator had been appointed to property management firm Arck LLP following an application by investors to freeze the firm’s assets in December. The same month, two individuals were arrested and bailed following allegations of fraud relating to the firm.
Law firm Regulatory Legal says the investors are calling on their MPs to pressure Yorkshire Bank into explain its role in the safeguarding of Arck investor deposits.
Regulatory Legal solicitor Michael Cotter says: “These investors have been expressing their questions to Yorkshire Bank for over a year now but have had no satisfactory response from the bank to their plight.
”They are left with little choice but to call on their MPs to help them. As Parliament opens this week, we urge MPs to attend to these investors’ cases urgently and support them in their fight to get the fair hearing and justice that they deserve.”
A Yorkshire Bank spokesman says: “We are aware of the points raised by RLS on behalf of their clients. However, as Arck is the subject of ongoing investigations by the police and regulators, it would be inappropriate for us to comment.”