Stories
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.…
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