The Gibraltar Supreme Court has rendered a significant ruling in favor of Mansion Group, directing its former CEO, Karel Mañasco, to reimburse the now-defunct gaming company for more than €2.5 million ($2.76 million) and £127,000 ($166,200). The case centers on allegations that Mañasco improperly exploited corporate cash by paying outside vendors for services that they never rendered.
Mansion Group’s Closure and Legal Struggles
The B2C brands Casino.com and MansionCasino.com were closed as part of the Mansion Group’s official shutdown in October 2023. A major blow to the operator’s company came from regulatory concerns in important areas like Ontario and the UK. An additional factor in the company’s demise was the ongoing legal conflict with Mañasco, which made issues more complex.
A prior order that resulted in a global asset freeze of €5 million on Mañasco was followed by this latest court decision. Mañasco launched the lawsuit in the beginning of 2024, accusing Mansion Group of operating without the required permissions and dodging taxes in multiple nations. But the court rejected him on all the occasions. Mañasco was found to have not presented sufficient proof to back up his allegations when it dismissed his claims in August.
In the most recent decision, the court found that Mañasco had approved dubious payments, such as €2.5 million to White Wizard Media Limited, an organization that offered Mansion Group no services. Furthermore, KM Accountants was paid £127,000 for consulting services that Aventador Media Limited had invoiced. Mañasco was directed to provide clarification regarding the aim of these payments by May 15. Due to his inability to provide adequate justification, the court dismissed his defense and counterclaim and gave Mansion Group the full amount that was sought.
Mañasco plans to submit an appeal of the decision, which will likely draw attention to the ongoing legal dispute. The court’s rulings continue to support Mansion Group’s efforts to recoup money in spite of his efforts.
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