Ritz developer says he is the one wronged in legal case

(CNS Business): Following a ruling last week in the Cayman Islands Grand Court by Sir Peter Cresswell, the developer of the Ritz Carlton, Michael Ryan, has denied any wrongdoing, claiming it is he who is owed millions of dollars and that he intends to fight the case against him and pursue his counter claims to the end. Denying that he had taken any money from the companies relating to Cayman’s five-star resort, Ryan stated that he is the one being wronged in what is becoming a complex dispute and described the actions against him by the receivers as “surprising and desperate”, which he said would be revealed in his defense due to be filed in the courts next month. Read more on CNS Business