Luxury condos returned to rightful owners after real estate fraud detected

Cancun, Q.R. – So far, four luxury apartments have been returned to their rightful owners in Cancun as the district continues to investigate numerous irregular real estate sales in Maioris Tower.

The Ministry of Labor and Social Welfare of the Government of the State of Quintana Roo reported that the seized properties at Maioris Cancún during the previous government have been restored to their legitimate owners.

Nearly two dozen luxury apartments in the tower were falsely acquired under the previous government. Expansión y Mexicanos contra la corrupción y la impunidad (Expansion and Mexicans against corruption and impunity) documented cases of which four have so far been reviewed.

The reviewed files show how the PRI government stripped land and hotels in Tulum, embargoed condominiums in Cancun and had taken over luxury apartments and then sold them for half of the value to public officials.

So far, 19 apartments involving nine public notaries are included in the case for legitimizing real estate fraud.

To date, the sale of 14 condominiums and five penthouse suites have been found with irregularities. Of those, six lawsuits have been admitted to District Court which has seen the return of four properties to their rightful owners.

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