Published: Monday | May 25, 2009

Depositors and creditors of investment scheme Cash Plus Ltd are expected to get back some of their money soon, as properties owned by Cash Plus were advertised for sale yesterday.
In an advertisement published in The Sunday Gleaner, seven properties owned by Cash Plus Limited and its subsidiaries and affiliates were advertised for sale.

The houses, with an estimated value of more than $30 million each, are a town house in Armour Heights where Hill lived, a town house on Cherry Drive, a town house on Norbrook Drive and an apartment at Waterworks Mews.

Other properties advertised were Mainland International, March Pen, St Catherine; a property on Old Harbour Road, St Catherine, and another in Kencot, St Andrew. The Gleaner was not able to ascertain the value of these properties.

Supreme Court judge Roy Anderson granted the order for the sale last month after hearing legal arguments from the trustee in bankruptcy, attorney-at-law Hugh Wildman, who is the provisional liquidator for Cash Plus.

Offers in writing are to be made by June 1 and addressed to ‘Lands for Sale’, The Trustee in Bankruptcy, Third Floor, 52-60 Grenada Crescent, Kingston 5.