Ex-Mall Owner Beats £8.7M Fraud Claim Despite Having Lied
By Christopher Crosby (August 26, 2021, 3:40 PM BST) -- The owner of a British shopping center lied when selling the property, but he doesn't owe £8.7 million ($12 million) in damages because the buyer didn't notice he was being defrauded and wasn't harmed, a London judge ruled Thursday.
Although Victorygame Ltd. and its owner, Surjit Singh Pandher, intentionally overstated the length of the leases tenants had signed up for at a West London shopping center, Ahuja Investments Ltd. didn't look closely at the leases until after it had bought the place, High Court Judge David Hodge said.
Ahuja's owner, Joginder Singh, was preoccupied with the rental income he could make...
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