|Investment Property Worldwide.com||
Harlequin Hotels, the company that owns Buccament Bay Resort in St Vincent has won a fraudulent misappropriation case against a former contractor at the resort.
Harlequin Hotels and Resorts said in a release last week that it had won the case against Padraig “Paudie” O’Halloran.
The High Court in Ireland heard that the contractor fraudulently misappropriated more than US$13 million from US$50 million sent to his firm for the resort’s construction.
“During the 31-day trial, Harlequin provided evidence and witness testimonies detailing how O’Halloran fraudulently misappropriated in excess of US$13m from US$50m that was sent to the ICE Group for the resort’s construction. Of the $13m that was diverted, more than $2m was sent to Ireland to pay for items including a lavish wedding. The Court also heard that sums were used to fund luxury purchases, such as a US$1.5m private jet, a racecourse in St Lucia, a car franchise business and renovations to a rented property on the Sandy Lane estate,” Harlequin said in a release.
Harlequin also stated that while the funds were being misappropriated, very little of the promised construction work was actually carried out at Buccament Bay Resort, resulting in the resort opening later than originally planned and on a smaller scale.
Follow the link to visit the now open amazing 5* Buccament Bay resort - LINK
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