Who funded the purchase of Fota Island Resort and where is the paper trail, are proving to be key questions in a €50 million shareholder battle unfolding in the High Court. The five star hotel and spa, set on 500 acres, was sold on behalf of Nama for around €20 million in 2013 to the Kang Family Worldwide Group. The sale of the Kingsley family hotel in Cork city and other assets to the same group soon followed. But intrigue also followed when a shareholder dispute over the ownership of the hotels landed in the High Court in May last year.…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.