Disgraced Irish banker Michael Fingleton paid €5.5 million in 2006 for the Hotel Fjord. (Photo: OCCRP)
Disgraced Irish banker Michael Fingleton is facing a criminal investigation for a deal involving purchase of a hotel in the medieval town of Kotor, Montenegro.
The investigation was launched after Irish developer Louis Maguire, who choreographed the deal and became a part owner of the hotel, turned whistleblower. He handed his files over to authorities on April 23. Kotor Police reviewed the evidence and found sufficient cause to refer the case to prosecutors. Prosecutors must decide if any laws have been brokenand whether to file charges against Fingleton.