A personal jet and two yachts have been seized, as three folks have been arrested, in a £76m raid on a gaggle who ran luxurious care properties.

Two websites had been raided throughout St Leonard’s, Dorset, and Aylesbury, Buckinghamshire, as a part of the Serious Fraud Office (SFO) probe, supported by the National Crime Agency (NCA).

The investigation is wanting into the UK registered property developer, the Carlauren Group, which collapsed into administration in November 2019.

When it folded, the SFO stated that it led to some aged residents being pressured to maneuver out, and left 600 traders out of pocket.

The Carlauren Group purchased 23 properties throughout the UK, typically former motels together with the historic Windlestone Hall in Durham, and allegedly claimed to supply annual 10 per cent returns to traders because it sought to show the buildings into high-end care properties.

However, the SFO stated solely 9 of those turned operational and a few continued as motels as an alternative of care properties.

Alongside that, the group allegedly bought numerous supercars, together with two Lamborghinis and a McLaren 570GT, a non-public jet and two yachts.

Nick Ephgrave QPM, director of the Serious Fraud Office, stated: “This company’s abrupt collapse has created turmoil and enormous anxiety for many, with elderly people forced to vacate their homes and investors left with nothing.

“Today’s arrests are a serious growth in our investigation and a step in direction of getting the solutions so many individuals want.”

The group was stated to have had 600 folks and firms spend money on the scheme via the acquisition of rooms that had been to be rented out to the aged.

This was inside luxurious amenities that boasted of swimming swimming pools, room service and different facilities.

According to the SFO, the rooms had been marketed and offered with a assured annual payout and alternative to promote the asset again for a revenue after 10 years