More than two years after losing control of its $3.5-billion Baha Mar resort project, the Bahamas-based developer is suing the project’s contractor. The lawsuit by BML Properties, filed in December in New York state Supreme Court, alleges “massive fraud” and seeks more than $2 billion from China Construction America (CCA).
BML’s 268-page filing of Dec. 26 alleges “one of the largest construction-based frauds in this hemisphere.” It states, “The scheme was based on CCA’s efforts to falsely create the appearance that it was working toward an on-time and on-budget opening in December 2014 while knowingly and fraudulently concealing its real intent not to construct the project on time and on budget and in the process extort more money than it earned and was due.”