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Tag Archives: BML Properties

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…

Bahamas – Baha Mar developer sues CCA for US$2.25bn

BML Properties, the original developer of the Baha Mar resort in the Bahamas, the most expensive resort to ever be built in the Caribbean, has filed a lawsuit against China Construction America Inc for submitting fraudulent bills and collecting undeserved fees during the development of long-delayed US$3.9bn resort. In a 259-page complaint filed in state court…