Winnipeg fashion mogul Peter Nygard is fighting back against the court-ordered seizure of his beachfront property in The Bahamas for $2.4 million US he owes in legal fees to an environmental group there.
Nygard, who was in Winnipeg two weeks ago celebrating the 50th anniversary of his company Nygard International, could not be reached for comment.
But a statement from his company called the seizure, which is in front of the Supreme Court of the Bahamas, was an “illegal seizure” that was “clearly an orchestrated publicity stunt to create an unwarranted false impression about Mr. Nygard. His lawyers contend that the seizure writ is invalid and should be set aside by the court.
“Mr. Nygard intends to sue whoever is legally responsible for this unlawful procedure.”
It’s the latest scene in the legal drama which has played out for more than a decade between Nygard and his neighbour Louis Bacon, a billionaire hedge-fund manager who has battled Nygard for years, accusing the Winnipegger of expanding his property on Crown land without getting the proper permits. https://www.winnipegfreepress.com/local/nygard-fights-courts-seizure-of-his-bahamas-estate-494849681.html
