By NEIL HARTNELL

Tribune Business Editor

Fears that Bahamian law would prevent it from recovering sums owed by other alleged debtors if it gained the full $8.2 million from a former PLP MP and Senator prompted a Miami-based lender to reduce its default judgment demand to just $150,000, part of a wider case involving a claimed $7 million fraud over a Bahamas-based real estate development.

Robin Rodriguez, principal of Cordell Funding, which is a major player in the ongoing litigation relating to a West Bay Street condominium project just east of Caves Village, alleged in US court papers that he had reduced his default judgment demand against accountant Philip Galanis to just $150,000, on the ...

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