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Sahota development.

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$60m resort investor accepts US sanctions

The lead principal behind a proposed $60m Cat Island resort project has accepted the imposition of sanctions over his role in an alleged $122m investment fraud, Tribune Business can reveal.

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Investor ‘fraud’ concerns on $60m Cat Island resort

The Government was last night urgently reviewing the legitimacy of a $60m Cat Island resort project after its principals were charged by US federal regulators with playing key roles in a multi-million dollar investment fraud.

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