Some in the Bahamian government are lashing out. Concluding an 11-day bench trial, New York Supreme Court Justice Andrew Borrok found that CCA deliberately scammed BMLP during the development of Baha ...
A New York State Supreme Court judge has ordered the subsidiary of a major Chinese contractor to pay the developer of the Baha Mar resort in the Bahamas damages of $1.6bn for fraudulently delaying the ...
More than nine years after developer BML Properties lost its nearly complete, $3.5-billion Baha Mar resort project in Nassau, Bahamas to bankruptcy, a state court judge in New York ruled Oct. 18 ...
Copyright 2024 The Associated Press. All Rights Reserved. FILE - Irad Ortiz Jr., center, rides White Abarrio to win the Breeders’ Cup Classic horse race, Nov. 4 ...
Izmirlian family prevails in case finding that CCA fraudulently thwarted the Baha Mar project opening to serve its own interests BML Properties Ltd. has been awarded over $1.6 billion against ...
and those breaches and acts of fraud caused the loss of Sarkis Izmirlian’s company’s entire $845 million investment in the Baha Mar project at Cable Beach. As a result, BML Properties Ltd. (BMLP) was ...
Baha Mar’s financial crisis would have been “averted” if its main contractor had properly used $54m to pay the project’s sub-contractors rather than fund the British Colonial’s purchase ...
Baha Mar’s main contractor perpetrated “an absolute sham and shakedown” on Sarkis Izmirlian while providing “phony” completion dates that ultimately cost his family $845m and ousted them ...
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