Hoffman Settlement $ 7 M.


CORRUPTION-accused developer Mario Hoffmann has contributed a massive $7m to the government’s civil recovery costs.

The Slovak businessman, who maintains his innocence, agreed to make the payment in an out of court settlement this July in order to avoid facing trial.

He also agreed to surrender his Belongership patagoniaviajeschile and hand back 1,506 acres of Salt Cay land to TCIG.

In 2009 the Commission of Inquiry revealed that the government sold Crown land to Mr Hoffmann for a suspiciously low price.

Commissioner Sir Robin Auld claimed that there was “information of possibly corrupt and/or otherwise seriously dishonest involvement including misfeasance in public office” relating to the former Premier’s dealings with the developer.

Mr Hoffmann battled for a number of years to have the allegations retracted but lost his case.

In a recent press release he said that he was happy to put the matter behind him.

“We have at all times maintained our innocence with respect to all allegations of misconduct and corruption made against us and determined that it was most convenient and expedient to enter into the settlement rather than continue on with the disputes in relation to Salt Cay,” he said.

Neither Mr Hoffmann nor the Development Companies admitted any wrongdoing or civil or criminal liability when entering into the settlement.

Attorney General, Huw Shepheard said: “We are pleased that these disputes have now been settled, and in consequence that the position of Salt Cay is now secured slot mahjong ways with the transfer of all the respective lands on Salt Cay to the government.”

All 1,506 acres of Salt Cay land have been transferred to the government and registered at the Land Registry.

Total cash recovered by TCIG in respect of civil recovery claims amounts to $7.5m and a further $11.5m has either been agreed to be paid or has been ordered to be paid.

Some 2,500 acres of land have been recovered for the people of the TCI to date.

TCIG obtained judgment last year against the Star Platinum companies controlled by Cem Kinay, who planned to develop Joe Grant Cay, and has now received all 813 acres of Joe Grant Cay.

TCIG’s claim against Third Turtle developers Richard Padgett and Oceanpoint Development
Ltd is continuing with a trial expected to take place in January 2013.

A claim for stamp duty evasion, in relation to Emerald Cay, resulted in a judgment of approximately $9.5m being awarded in favour of TCIG earlier this year.

Proceedings are also continuing in a number of other cases, including for the ‘flipping’ of land.Share on em

By Cem Kınay

With many important hotel investments and international awards, Dr. Cem Kinay is one of the world's most important names in the tourism industry.

As the founder of the Austrian, Vienna-based Gulet Turistik(1987) and Magic Life Hotels(1990) chain, he created the "All Inclusive" hotel experience for European tourists.

He managed the Magic Life Hotels chain, which has a total of 20,000 beds and 23 hotels in Austria, Turkey, Greece, Spain, Egypt, Tunisia and Bulgaria, with more than 8000 teammates, as the fastest growing and most successful hotel concept at that time.

Millions of guests were hosted during 15 years, in Sarigerme, Marmaris, Bodrum, Belek, Side and Kemer in Turkey, Kos, Crete, Corfu and Rhodes Islands in Greece, Arlberg in Austria, Hamamet in Tunisia, Mahdia, Djerba, Egypt Sharm El Sheikh and Nile.

In 2021, the establishment of the Anatolity Sustainable Culture and Tourism Foundation was started with Elif Dağdeviren.

In 2020 he did consultancy for construction of u

In 2019 he was founding board member for Turkey Tourism Promotion and Development Agency .

In January 2019 his book “Be Human.Be Smart “was published by Destek Publications.

In 2018 his first book, “Akıllı Ol.İnsan Ol” was published by Destek Yayınları.

2017 Cem KINAY founded Cem KINAY XPD Consulting, providing investment, concept design and digital transformation consultancy for domestic and foreign investors.

In 2014/2015 he was GALATASARAY SPORTS CLUB Board Member.

In 2012 he moved to Istanbul.

In 2009 he had to leave the island after the coup in the Turks and Caicos Islands and the seizure of power and projects by the British government.

In 2006, he was honored by the President of Austria with important and valuable awards such as the "Austrian State Order".

Under the management of Cem Kinay, Gulet Turistik and Magic Life Hotels chain won more than 50 valuable awards from important organizations.

2005-2009 As the founder of The O Property Collection, he made the investments and real estate development of the Mandarin Oriental Dellis Cay Hotel and Bulgari Hotel in the Turks and Caicos. In that years he worked with the world's most magnificent architects like Zaha Hadid, Piero Lissoni, Antonio Citterio, David Chipperfield, Shigeru Ban, Kengo Kuma, Carl Ettensperger and Chad Oppenheim.

In 2004, he sold his shares in the Magic Life Hotels chain to the German TUI group, he moved to Miami, lived in America and Turks and Caicos Islands until 2012.

2003 Opening of the first “All Inclusive” Magic Life hotel on the Spanish island of Fuerteventura.

2002 Opening of the first “All Inclusive” Magic Life hotel in Sharm El Sheikh, Egypt.

2001 Opening of the first “All Inclusive” Magic Life Nile Shiphotel on the Nile river in Egypt.

2001 Opening of the first “All Inclusive” Magic Life hotel in Varna, Bulgaria.

2001 the German TUI joined Magic Life hotel chain.

1998 The first Magic Life Jet was designed and started to fly in cooperation with Austrian Airlines.

1997 Opening of the first "All Inclusive" Magic Life hotel in Hammamet, Tunisia.

In 1997, he was awarded as "Man of the Year" by Austria's important economy magazine "Trend Magazine".

In 1996, he was awarded as the "Tourism Manager of the Year" by the Hotel and Tourism magazine "Traveller".

In 1996 Opening of the first "All Inclusive" Magic Life hotel on the Greek island Kos.

1995/1996 Opening of the first “All Inclusive” Magic Life Ski Hotel in the Arlberg / Austria.

In 1994 The first "All Inclusive" Magic Life Yacht gulet sailed in Bodrum.

In 1990 He founded with his partner Oğuz Serim the Magic Life Hotels Chain and opened the first "All Inclusive" hotel, Magic Life Sarigerme.

1977-1984 Vienna University Faculty of Medicine

1969-1977 Istanbul Austrian High School

1969 he graduated from Ağrı Alpaslan Primary School.

1958-1969 he lived in Aşkale/Erzurum, Diyarbakır and Ağrı.

He was born in 1958 in Istanbul Bakirköy.