Two British men are suspected of being behind a €16 million scam centred on a château in south-west France - one has been arrested in Spain, the other is still being sought by French police.
After a lengthy investigation into potential fraud and money laundering, a British man has been arrested in Spain and is awaiting extradition back to France. His business partner is still at large.
The alleged fraud centres on a château in Noth, near Limoges in south-west France, which the two Brits bought for €2.5 million.
They created brochures showing a planned luxury golf and spa retreat - the Halcyon Retreat and Golf Spa - complete with private chalets in the woods surrounding the château, and began advertising for investors, promising them free use of the chalets as well as a hefty profit on their investments in the luxury development.
Screengrab of an advert for the resort on Facebook
