In a substantial legal advancement, the Gibraltar Supreme Court ruled in favor of Mansion Group, purchasing its previous president, Karel Mañasco, to pay over EUR2.5 million ($2.76 million) and ₤ 127,000 ($166,200) to the now-defunct business. The case fixates claims that, as CEO, Mañasco misused business funds through numerous payments to third-party suppliers that offered no involved services in return.
The Operator Had a Troubled History
Estate Group verified its closure in October 2023, revealing the shutdown of its B2C brand names casino.com and MansionCasino.com. Regulative obstacles triggered the business to take out of the UK and Ontario markets, substantially minimizing its market existence. The taking place legal fight with previous CEO Mañasco appears to have actually been the nail in the casket for the having a hard time operator.
The judgment now functions as the 2nd significant legal problem for Mañasco in the continued battle with Mansion Group, which likewise caused a EUR5 million around the world property freeze order versus the previous CEO. This conflict began at the start of 2024 over claims by Mañasco versus Mansion Group for running without appropriate licenses, breaching guidelines, and stopping working to pay taxes in numerous nations.
In spite of Mañasco’s efforts, the court has actually regularly ruled in favor of Mansion Group. In August, the court stated that the previous CEO had actually stopped working to supply concrete proof to support his allegations versus Mansion Group. The judgment rejected Mañasco’s applications to modify his defense and more dismissed his claims, which belonged to his counterclaim.
The Legal Drama Will Likely Continue
This latest chapter in the continuous legal fight saw the court conclude that Mañasco had actually licensed payments totaling up to EUR2.5 million to White Wizard Media Limited, a business Mansion Group declared did not render any services in return for the funds. That, the court heard another claim of a payment of ₤ 127,000 to KM Accountants for consultancy services invoiced by Aventador Media Limited.
The court purchased Mañasco to supply adequate descriptions for the disputed payments by 15 May. Failure to comply would lead to his defense and counterclaim being set out. Regardless of protecting a witness declaration, Mañasco’s reactions were considered insufficient and irregular. This decision led to Mansion Group winning the judgment for the whole declared quantity.
Mañasco has actually stated his intent to appeal the judgment, continuing this prolonged and controversial legal fight. This latest advancement marks another triumph for Mansion Group in its effort to recuperate what it explains as ill-gotten gains. The case will likely continue to draw attention due to the high profile of the accusations and the significant amounts included.