Singapore-based real estate investment firm ZACD Group has filed a lawsuit seeking to recoup $21.3 million from defunct property group iProsperity and its missing founder Michael Gu, who fled the country in 2020 amid findings the company misappropriated millions in investor funds.

Subscribe for instant access to all Lawyerly content.

Already a subscriber?
Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

For information on rights and reprints, contact subscriptions@lawyerly.com.au