Attorney: “Minister Lake Wanted To Unwrap A Beautiful Present For Ifps†Corallo’S Ifps Wants To Stop Caravanserai Auction
St. Maarten – The Court in First Instance will rule in summary proceedings on Friday August 8 whether Scotiabank will be allowed to proceed with the public auction of the Caravanserai property in Beacon Hill. International Financial Planning Services (IFPS) – a company linked to BPlus Giocolegale and Atlantis World Group owner Francesco Corallo – wants the court to stop the auction, because it claims ownership of the part of the property where the Dunes Casino is located. The company got a little help from Vromi-Minister
Maurice Lake, but the bank’s attorney contests his decision.
IFPS bought the long lease on the contested property from Kildare Properties on March 29, 2011, for $1.5 million
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