Jacqui Safra, the multi-millionaire Swiss-Lebanese businessman who co-owns Parknasilla Hotel in Co Kerry, signed an affidavit of confession in the US admitting he owed a debt funder $192 million (€179 million) on foot of a personal guarantee, the Commercial Court has been told. Safra, who resides on the secluded Garinish Island off Sneem – described in court filings as a “sanctuary” accessible only by boat – is being pursued by US private lender MGG California, which is trying to enforce a judgment previously handed down against the businessman in New York. The “very valuable” Irish assets being pursued by the fund…

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