Legal

Lawyers for cash-for-visa broker Kai Dai have been unable to contact him since July

Lawyers told the High Court that they had not received instructions for several months from the founder of the Huawen Foundation, who is being sued by one of his investors, Beijing designer Xi Zhiming

Kai Dai is the founder of the Huawen Foundation, which has raised around €50 million in investments through Ireland’s immigrant investor programme. Picture: Tinkara Zupan/STA

Lawyers for Kai Dai, one of Ireland’s biggest cash-for-visa brokers, told a High Court judge earlier this month that they have not been able to reach him to get instructions since July.

Dai is the founder of the Huawen Foundation, which has raised around €50 million in investments through Ireland’s immigrant investor programme (IIP) since 2014. He is being sued by one his investors, Xi Zhiming, a designer from Beijing.

Dai has bought a number ...