GLOATING property speculators suspected of funding a Westminster “right-to-buy” frenzy prompted calls yesterday for a probe into possible fraud.

As reported in the Star yesterday, opposition councillors on the staunch Tory local authority raised the alarm after a director of London Investment Property Group (LIPG) reportedly told an undercover journalist he would “never have to work again” due to profits from former council homes in the borough.

Nicholas Carlino boasted that his firm was skimming hundreds of thousands of pounds from properties sold well below market value by the council with the purchase underwritten by LIPG.