Monday, August 18, 2025
By Fay Simmons
Tribune Business Reporter
jsimmons@tribunemedia.net
Dionisio D’Aguilar, who sat on Baha Mar’s board under the mega resort’s original developer, said the unwillingness shown by Chinese state-owned CSCEC Holding Company (CSCECH) to settle the $1.6bn debt with BML Properties is a “red flag”,
Speaking to Tribune Business, Mr D’Aguilar said he is still shocked the Chinese government is choosing to “wiggle and worm” out of paying the $1.642bn damages awarded to Baha Mar’s original developer, Sarkis Izmirlian, by the New York State Supreme Court.
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