Chinese businessman Yuzhu Kang fought a long court battle to win back from associates the five star Fota Island Resort he acquired from Nama in 2013. Months after he regained control of his Irish interests, he died leaving a valuable portfolio and legal loose ends.
Chinese businessman Yuzhu Kang reclaimed the five-star Co Cork resort after settling a hotly contested ownership battle with his business associates. Now he says they owe him another €1.8 million.
Chinese businessman Yuzhu Kang emerged victorious from a Commercial Court settlement confirming he was the owner of the 500-acre five-star hotel resort in Co Cork. Now he is being pursued by Arthur Cox in newly filed proceedings.
The three-year-old legal battle over who owns the five-star resort has taken a new twist, with highly contested claims of manipulated surreptitious recordings and a Chinese arrest warrant.
Chinese businessman Yuzhu Kang claims he has been defrauded of his multi-million euro shareholding in the five star Fota Resort Hotel in Cork by his business associates. The High Court says he is not allowed redact bank statements that go to the heart of the case.
The Chinese investors behind the five star Fota hotel and spa resort are locked in a multi-million euro shareholder row involving claims of fraud and siphoned assets. As they gear up to do battle in the High Court, one side has pulled out secret recorded transcripts.
Allegations of deceit, fraud, and secret deals with Irish property assets worth around €50 million are at the heart of a High Court row engulfing the five-star Fota Island Resort.
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