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Mr El Paraiso told the leaseholders the investor had bought flats in nearby Borden Court from landlords who were making a loss on them.

The BBC has learned that 44 flats in Borden Court had been bought in one day in October 2023 for a total of £220,000 - £5,000 each - by companies registered as being entirely owned by an Omani man called Mr Hamaz Al-Huseini.

Mr El Paraiso and his business partner Mr Spencer, 41, were directors of 34 companies apparently owned by Mr Al-Huseini, including the ones that bought the properties in Borden Court – something the Arndale House leaseholders said was never mentioned to them.

At the time the Borden Court properties were bought, a Mr Al-Huseini was listed as the owner of all the companies that purchased them.

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