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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