Palm Invest founder had toe cut off

The man whose toe was cut off by blackmailers last weekend is one of the main suspects in the Palm Invest property fraud case, news agency ANP reports on Friday.

Two men are due to appear in court late on Friday following the blackmail attempt, charged with grievous bodily harm.
K and a business partner were attacked after traveling to Belgium for what turned out to be a fake business appointment. They were held for 12 hours and K’s toe was cut off. They were released after promising to pay over a considerable sum of cash.
The public prosecution department on Friday declined to speculate about the reason behind the blackmail attempt.
The Palm Invest property fund has been under investigation since 2007. The fund claims to invest in Dubai property but most of the estimated €20m put into the fund has disappeared, the public prosecution department said last year.

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