Daniel Kinahan was ordered to pay €2.5m to former business partner by Dubai courts in 2021, records showDaniel Kinahan was ordered by a Dubai court to pay millions of euro to a former business associate over a failed business venture, legal records show.
Man whose late wife administered lethal dose of medication to their baby says mental health system is brokenThe family has been involved in various local legal disputes and has sold off a number of valuable properties, registered in the name of Kinahan’s wife Caoimhe Robinson. Its various public businesses have either been shut down by the authorities or closed voluntarily, leaked documents show.
Also mentioned in the court documents are two other former business associates of Kinahan, Hadif Mohammed A Binhuwaidin Alktebi and Sarfraz Ali Riast Ali.The other shareholders were Daniel Kinahan, who owned 30 per cent, and his brother Christopher Kinahan jnr, who owned 19 per cent. Dubai laws requires the majority of a company’s shares to be held by a UAE national.
After a Dubai judge ruled in 2020 that Daniel Kinahan was liable for the €2.51 million debt, he quickly lodged an appeal on several grounds. He also claimed he had been misled, through “fraud, deceit and deception” by Mr Riast Ali and Mr Alktebi into signing a document acknowledging the debt, a court judgment states.
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Source: IrishMirror - 🏆 4. / 98 Read more »