Resort suits

(FP)

By Tim Slinger | Sun, January 08, 2012 - 12:08 AM

The Four Seasons Resort project seems to have hit another snag.

British newspaper The Times reported yesterday that two billionaire investors, music titan Lucian Grainge and oil mogul Aidan Heavey, have filed court action locally against the developers, Paradise Beach Limited, demanding their money back.

The Times has also stated that three other celebrities, including Simon Cowell, the producer of the international music competition The X-Factor, could also be in danger of losing their deposit investments of over BDS$90 million each.

“Both Mr Grainge – dubbed the “killer shark” after engineering last year’s surprise £1.2 billion (BDS$3.7 billion) takeover of EMI’s recorded music business – and Mr Heavey have separately filed claims in a Barbados court demanding that their deposits are returned,” the newspaper said.

Read the full story in today's SUNDAY SUN.

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Posted by Kenneth King 4 months, 2 weeks ago: I said it then and I am saying it now, do not relieve one cent from the hard tax payers of this country to this idle elephant..

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Posted by Omar Watson 4 months, 2 weeks ago: People frighten to talk bout this but not me. I want to know where all that money gone, because if that photo truly depicts how far this project has gotten, then that means the 270 million that those guys deposited is in someone’s pockets all now. That project needs a “forensic audit” as well. It seems like something criminal was done, and now the government wants to use NIS money to cover it up.