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Tag Archives: Bahams

Bahamas – Izmirlian wins out in first round of Baha Mar ‘fraud’ case

BML Properties, the company initially behind the blueprint and build of the Bahamian casino resort Baha Mar, was celebrating its first victory in court in its $2.25bn fraud and breach of contract claim against the resort’s contractor. BML Properties boss Sarkis Izmirlian lost his $845m investment in Baha Mar, as well ‘expected future profits’ when…