The owner of the five-star Fota Resort in Co Cork claims the former directors of the hotel operating company “fraudulently extracted” more than €1.6 million from his businesses for artwork and to satisfy “sham” redundancy payments. It has emerged in new court filings that Yuzhu Kang, a Chinese businessman from Hebei province, paid €2.5 million to settle a claim against his previous business associates Xiu Xiang (aka Julie) Kelly and Tuo Du that they had allegedly duped him out of his shares in Fota and other assets by secretly siphoning them off to a company in Hong Kong, putting them…

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