‘Albany owns it now, OK?’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

A CONTROVERSIAL Austrian is moving to draw Albany’s principal investor into a multi-million dollar legal battle over his rival bid to acquire the neighbouring South Ocean resort property.

Documents obtained by Tribune Business reveal that Dr Mirko Kovats, a Lyford Cay homeowner with permanent resident status in The Bahamas since 2017, has gained a US judge’s approval to serve subpoenas on the Tavistock Group in a bid to uncover any communications with the Government over his own South Ocean development plans.

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Tavistock Group is the primary vehicle for multiple worldwide investments by Bahamas-based billionaire, Joe Lewis, and is Albany’s principal developer. The two properties are south-west New Providence neighbours, and Dr Kovats