Monaco developer liable to pay back millions to investorsMartin de Ruyter Scott Sanders at the Monaco Resort and Hotel. The man behind the Monaco Resort is liable to repay more than $7 million to investors in the hotel project, a judge has ruled. In 2013, about 40 investors sued hotelier Scott Sanders and Monaco Village Limited (MVL) for an estimated $12 million. The development is now trading as Grand Mercure Nelson Monaco Hotel and Resort. Martin de Ruyter The Grand Mercure Nelson Monaco Hotel and Resort.

Source: Stuff December 04, 2016 19:58 UTC