more questions than answers

thinking precisely what is the banque havilland sa (enjoy the fancy name, bank with a q, and that sa is always charming)

and what is its expertise in manhattan real estate especially with shell companies which sound, apparently, just as they are

more questions than answers

In September 2015, the company took out a $35.3 million mortgage from lender Banque Havilland SA, based in Luxembourg. The full payment of the loan was due one year later,according to court documents filed in connection with the foreclosure.

The borrower failed to repay, and now Banque Havilland is forcing a sale to recoup the funds, plus interest.

And, in what’s become a strong contender for the “no sh*t” quote of the day, a spokeswoman for Extell Developments, the developer that built One57, said there' s a lesson to be learned from this unfortunate situation.

“This shows that too much leverage is probably not wise,” Anna LaPorte, an Extell spokeswoman, said of the most recent default.

always more to the story

As it turns out, the world renowned, Nigerian-born, billionaire playboy is about $25,000 behind on his property taxes.  But, that is probably the least of his worries as the New York Post points out that he currently wanted by authorities in both Nigeria and Europe for defrauding the Nigerian government out of oil sale profits.

But Aluko has bigger problem, it seems. The 47-year-old tycoon is under investigation in Nigeria and in Europe for alleged money-laundering crimes.

A Nigerian court, according to various reports, tried to freeze Aluko’s assets, including his One57 unit, as part of the alleged scheme to defraud the government of oil sale profits.

Meanwhile, it seems that the only reason Aluko isn't already in prison is because the Nigerian courts can't seem to find him to serve papers.  Apparently he's been hiding out on this 213-foot, $100 million yacht, the Galactica Star, for over a year.