
NEW YORK--(BUSINESS WIRE)--Dec 23, 2024-- BML Properties Ltd. today expressed its disappointment in the bankruptcy filing by CCA Construction Inc., formerly known as China Construction America (“CCA”). Sarkis Izmirlian, chair of BML Properties Ltd. and the original developer of the Baha Mar resort in Nassau, Bahamas, said, “This is just another example of CCA, and its multibillion-dollar parent company China State Construction Engineering Corporation (“CSCEC”) attempting to evade responsibility for its actions by hiding behind a Chapter 11 proceeding.” In October 2024, New York Supreme Court Justice Borrock handed down a 74-page decision against CCA and its affiliates detailing multiple instances of fraud and usurping funds at the highest levels of CCA related to Baha Mar, and awarded over $1.6 billion to BML Properties. The judgement clearly states that: “I am confident that both the bankruptcy judge and the New York appellate court will see CCA for what it is, a company fraudulently managed by bad actors. We will take every step necessary to enforce our rights against CCA and all those who orchestrated CCA’s frauds, including its parent CSCEC,” said Izmirlian. Note to the Editor: China State Construction Engineering Corporation (“CSCEC”) is majority owned by the Chinese Government and traded on the Shanghai Stock Exchange under ticker 601668. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223548413/en/ CONTACT: Sissy DeMaria-Koehne Cultivate PR 305.608.5350 sdemaria@cultivate-pr.com KEYWORD: NEW YORK CHINA UNITED STATES CARIBBEAN BAHAMAS NORTH AMERICA ASIA PACIFIC INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT PROFESSIONAL SERVICES BUILDING SYSTEMS ARCHITECTURE LABOR OTHER PROFESSIONAL SERVICES LEGAL PUBLIC POLICY/GOVERNMENT SOURCE: BML Properties Ltd. Copyright Business Wire 2024. PUB: 12/23/2024 05:41 PM/DISC: 12/23/2024 05:42 PM http://www.businesswire.com/news/home/20241223548413/enChina’s excavators, rollers dig long-haul success abroad via e-commerce
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