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Did you suport his application for ilr?
Thanks for your question. I will try to help.
Basically, I don’t think he has obtained ILR on the basis of his entrepreneur visa.
This is because a Tier 1 Entrepreneur visa only gives the holder the right to apply for ILR after they have lived in the UK on the visa for 5 year. In certain circumstances, the length of time can be reduced to three where the business has thrived after the investment has been made and jobs have been created.
So, he simply has not lived here long enough to obtain ILR under the Tier 1 route. Either he has not obtained ILR and he is lying, or he obtained it in some other way (hugely doubtful).
If you executed a Contract with him dealing with the investment then you would have to see a litigation solicitor if you consider he has breached the agreement by not investing.
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Okay, that means he has received it on the basis of "long residence" and not on the basis of a tier 1 visa.
You can write to the home office and advise them that you consider that his Tier 1 Entreprenuer application was made by deception in that you believe he never intended to invest the money. They may or may not take action to revoke his ILR, but it's expensive for them to do so and it's public money.
However, I would write to them anyway or at least see a litigation solicitor about the investment agreement he executed with you to see if you can sue him, if you can then you may issue proceedings. If not, then you can write to him with a threat to sue him and to disclose to the home office and see if he is willing to offer you a compromise settlement.
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