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Taxpayer-owned company pays huge sums to attorneys

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EMBD’s $100m Legal fees By KEN ALI Taxpayer-owned Estate Man­agement and Business Develop­ment Company Ltd. (EMBD) has so far spent an estimated $100 million in legal fees in courtroom bat­tles with its contrac­tors. The special purposes company has declined to negotiate with the con­tractors as an alternative to the costly and pro­tracted legal action.During the…

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