Candy & Candy sued by Mexican bank
August 29, 2009 by admin
Filed under Luxury Houses For Sale
Luxury property developers, Christian and Nick Candy, have hit the news once again, and are being sued by Grupo Financiero Inbursa, a Mexican banking conglomerate owned by Carlos Slim. The lawsuit was filed in New York State court in Manhattan yesterday. The 11 page complaint alleges that CPC group, Christian Candy’s property development firm, has failed to pay monies owed on a Beverly Hills luxury condo project, 9900 Wiltshire,” that went south after the Kaupthing bank failure. The Candy brothers barely avoided disaster back in October last year, with some “creative accounting.”
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