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Bahamas' Deputy Provost Marshal, along with a team of police officers, enter Nygard Cay after its seizure

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EXCLUSIVE: Fashion mogul Peter Nygard arrives at the Supreme Court of Bahamas after the seizure of his Caribbean estate. The Island's Deputy Provost Marshal, along with a team of police officers, had earlier entered the estate, Nygard Cay, after at first being denied entry. A locksmith was called to change the locks. The move is the latest development in a years-long dispute over alleged illegal dredging of the Finnish-born Canadian's beachfront property that has raised the ire of an environmental group. It follows years of court actions between Nygard and his next-door neighbour, New York-based billionaire hedge fund manager Louis Bacon. Nygard and Bacon, who own adjacent properties in Lyford Cay, a gated community on New Providence island, have been embroiled in a dispute for years that now encompasses more than a dozen legal actions. The High Court of the Bahamas ordered the seizure after Nygard failed to pay nearly $3 million in legal fees owed to Save the Bays, which has been fighting for years to stop him dredging the sea floor around his estate. It's claimed Nygard has roughly doubled the size of his property over 30 years, enlarging his own beach while starving the natural flow of sand to neighbouring properties and a nearby national park. But a statement from Nygard's company called the seizure an "illegal seizure" that was "clearly an orchestrated publicity stunt to create an unwarranted false impression about Mr Nygard. His lawyers contend that the seizure writ is invalid and should be set aside by the court. Bacon, the founder of hedge fund firm Moore Capital Management, has declined to comment. 28 Sep 2018 Pictured: Bahamas' Deputy Provost Marshal, along with a team of police officers, enter Nygard Cay after its seizure. Photo credit: Tribune242/MEGA TheMegaAgency.com +1 888 505 6342

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Fashion mogul Peter Nygard arrives at the Supreme Court of Bahamas - 1 Oct 2018
EXCLUSIVE: Fashion mogul Peter Nygard arrives at the Supreme Court of Bahamas after the seizure of his Caribbean estate. The Island's Deputy Provost Marshal, along with a team of police officers, had earlier entered the estate, Nygard Cay, after at first being denied entry. A locksmith was called to change the locks. The move is the latest development in a years-long dispute over alleged illegal dredging of the Finnish-born Canadian's beachfront property that has raised the ire of an environmental group. It follows years of court actions between Nygard and his next-door neighbour, New York-based billionaire hedge fund manager Louis Bacon. Nygard and Bacon, who own adjacent properties in Lyford Cay, a gated community on New Providence island, have been embroiled in a dispute for years that now encompasses more than a dozen legal actions. The High Court of the Bahamas ordered the seizure after Nygard failed to pay nearly $3 million in legal fees owed to Save the Bays, which has been fighting for years to stop him dredging the sea floor around his estate. It's claimed Nygard has roughly doubled the size of his property over 30 years, enlarging his own beach while starving the natural flow of sand to neighbouring properties and a nearby national park. But a statement from Nygard's company called the seizure an "illegal seizure" that was "clearly an orchestrated publicity stunt to create an unwarranted false impression about Mr Nygard. His lawyers contend that the seizure writ is invalid and should be set aside by the court. Bacon, the founder of hedge fund firm Moore Capital Management, has declined to comment. 28 Sep 2018 Pictured: Bahamas' Deputy Provost Marshal, along with a team of police officers, enter Nygard Cay after its seizure. Photo credit: Tribune242/MEGA TheMegaAgency.com +1 888 505 6342