Investors fall in legal dilemma

Manama : An ex-Shura council member has dragged investors into a legal dilemma after selling a plot of land to them, only to find out after 10 years that they cannot register it under their names.

According to legal sources, the ex-Shura council member is said to have owed money to a local bank, and the land plot was mortgaged to the creditor. 

The investors took the initiative and settled the credit, and thought they became the owners of the plot. 

Having built a 100-flat building, the investors went to register the plot in order to benefit from public services, but they found that the process cannot be completed as the ex-Shura council member still owes nearly BD500,000 to other creditors.

“The investors were shocked to learn that they need to enter a bidding process if they want to acquire the land. And this might cost them paying double the amount they paid 10 years ago to get it,” the legal source spoke on condition of anonymity. 

“The price might jump to BD1 million. It’s a legal dilemma for the investors as they have already built a property on the land,” he added. 

When asked about the situation of the ex-Shura council member, the legal source the man has left Bahrain to avoid the financial burden.