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Battle for millions

SHAWN CUMBERBATCH, [email protected]

Battle for millions

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DOZENS OF CREDITORS, including Government, are facing an uphill battle to recoup millions of dollars owed by the English developers of two abandoned tourism projects in Barbados.

A high-powered team of financial and legal experts from the Caribbean and the United Kingdom has been assembled to recover at least $600 million in debt left by English company Harlequin.

It includes more than $134 million tied up in a 70-acre property at Merricks, St Philip, and H Hotel at Hastings, Christ Church.

The WEEKEND NATION learnt that the funds owed to local and foreign creditors included $115 million associated with Merricks, $19.5 million for H Hotel, and about $700 000 in land tax due to the Barbados Revenue Authority. (SC)

Please read the full story in today’s Weekend Nation, or in the eNATION edition.