Business Kai Dai blocked from setting up international bank in 2020Kai applied for an international banking licence in Vanuatu in 2018, which was declined by the country’s central bank two years later
Legal Over €66m transferred to Kai Dai connected companies, court hears, as Huawen liquidator appointed Justice Miriam O’Regan said there was “an abundance of reasons” why cash-for-visa broker’s company needed to be liquidated
Legal Kai Dai accused of netting cash-for-visa investors in loan trapIn a High Court case, an investor alleged that the founder of the Huawen Foundation knowingly loaned money in order to later threaten any disgruntled investors with the loss of their visas
Legal Liquidator placed over cash-for-visa broker’s company after Nuremore Hotel closure Assets bought by Kai Dai’s Huawen Foundation include hotel in Carrickmacross, Co Monaghan which has been shut since January because of cash flow issues
Politics 'Golden visas' for foreign investors could be suspended after Monaghan hotel shutsOfficials are worried about a surge in the number of Chinese applicants to the initiative
Legal Investor cleared to pursue Chinese entrepreneur behind cash for Irish visasThe High Court granted an execution order against a firm founded by Kai Dai, who has raised €50m through Ireland’s Immigrant Investor Programme
business Chinese investor claims cash-for-visa firm no longer operating in IrelandZhiming Xi, who invested €1m through the Immigrant Investor Programme, is suing the Huawen Foundation after it failed to respond to his concerns