Range Developments

Range Developments operated CBI-funded luxury resorts in BOTH Dominica and Grenada — the same two nations where Zampolli and Ungaro held ambassadorships, creating a diplomat-developer nexus

Range Developments (founded 2011, UAE/Caribbean) is the leading CBI resort developer in the Eastern Caribbean. Projects: (1) Cabrits Resort and Spa Kempinski, Dominica — opened Oct 2019, funded by USD 195M from 800 CBI family passports at USD 200K each; rebranded to InterContinental. (2) Six Senses La Sagesse, Grenada — 38-acre resort, USD 220K CBI investment per applicant, broke ground Aug 2019. (3) Park Hyatt St. Kitts — opened Nov 2017. Range also approved for third Grenada CBI project in Oct 2025. Co-principals are Mohammed Asaria (entity 3429) and Kamal Shehada (entity 3454). Zampolli held 5 percent profit participation on Dominica project and sued for non-payment. Zampolli was Grenada Tourism Ambassador when Range was establishing its Grenada operations. The alignment of diplomatic appointments and commercial CBI projects across two sovereign nations controlled by the same developer is structurally significant.

Range Developments CBI project portfolio spans 5+ projects across 3 Caribbean nations and UAE, with at least M raised from Dominica passports alone

Full project portfolio: (1) Park Hyatt St. Kitts — 126 rooms, Banana Bay, completed Nov 2017, CBI minimum K investment. (2) Cabrits Resort & Spa Kempinski / InterContinental Dominica — completed Oct 2019, 800 CBI family passports at K = M gross. Rebranded from Kempinski to InterContinental. (3) Six Senses La Sagesse, Grenada — 100 rooms, 38 acres, two beaches, CBI minimum K. (4) InterContinental Grenada Resort — 150 rooms, CBI-approved, EC.3M invested Jul-Dec 2024 alone, projected opening 2026. (5) La Sagesse Collection, Grenada — 60 ultra-luxe residences, third approved CBI project, status GCBI-AP-0025-036 dated Jun 2025. UAE: 2,500+ units across 6 projects on Al Marjan Island, Ras Al Khaimah since 2020 (Beach House 88 units, Beach Residences 412 apartments + 11 townhouses, Beach Vista). Total CBI passport volume across all Caribbean projects is unknown beyond the confirmed 800 families in Dominica.

Zampolli alleged Range principals distributed M from Bank of Dominica Geneva account and commingled CBI project funds with personal funds

In NY Supreme Court filings (Index 156698/2019), Zampolli alleged that million from the Dominica hotel project were taken out from a Bank of Dominica account held in Geneva, Switzerland and distributed to Asaria and Shehada. Filings further allege signs of 'comingling' of 'project funds and personal and other funds' in hotel accounts. The existence of a Bank of Dominica account in Geneva raises questions about why CBI passport proceeds from a Caribbean project were flowing through a Swiss banking channel. Range Developments has characterized these allegations as false and 'morally reprehensible.' Note: Range's defense is that Zampolli's profit share claim was premature because the agreement specifies payment upon project completion and closing of accounts as determined by auditors.

Range Developments' Grenada entry was March 2019 (agreement to develop La Sagesse), 7 years after Zampolli's 2012 Tourism Ambassador appointment. Groundbreaking Aug 2019, construction commenced Feb 2020. Named Caribbean Hotel of the Year 2025. Third CBI project (La Sagesse Collection) approved June 2025. Range now has 3 CBI projects in Grenada alone plus InterContinental Dominica expansion.

Timeline: Range founded 2011-12. Dominica Cabrits signed first. March 25, 2019: agreement with Grenada government for La Sagesse, St. David. Six Senses brand. Aug 23, 2019: groundbreaking. Feb 7, 2020: construction commenced. Originally planned completion Nov 2022, delayed. Opened and named Robb Report Eco-Friendly Resort of Year 2025 and Caribbean Travel Awards New Caribbean Hotel of Year 2025. InterContinental Hotel and Villas Grenada: USD 280M investment, 2027 completion target. Third project La Sagesse Collection approved June 23, 2025 (GCBI-AP-0025-036). Range is now the largest CBI developer in Eastern Caribbean.

Zampolli's 2019 lawsuit details: M from 800 CBI family passports at K, M Geneva distribution to Asaria/Shehada, alleged passport sales to Iran/Yemen/Sudan nationals violating sanctions

Per the July 17, 2019 NY Supreme Court filing (Index 156698/2019, attorney Robert Hantman), Zampolli alleged: (1) Range raised US$195 million from selling 800 family passports at $220,000 each through Dominica's CBI programme for the Cabrits Kempinski project; (2) US$30 million was distributed to Mohammed Asaria and Kamal Shehada from a 'Bank of Dominica account held in Geneva, Switzerland'; (3) 'project funds and personal and other funds have been and are being substantially commingled'; (4) Asaria and Shehada 'are believed to sell passports to Iran, Yemen, and Sudan to circumvent U.S. Treasury sanctions and United Nations Security Council sanctions.' Named defendants: Range Developments, Mohammed Asaria, Kamal Shehada, Kempinski Hotels S.A., Xavier Destribats, Range Partners (Dominica) Limited, Range International Consultants, NH.TT Construction. Note: These are ALLEGATIONS from an adverse party in litigation — not independently verified. However, the passport-to-sanctioned-nationals claim has been partially corroborated by the Shamkhani/Hugo Hayek case (2025) and Dominica's subsequent suspension of Iranian applicants (2026).

ICC London arbitration (Case 24453/TO): Range Capital Markets preemptively sued Zampolli in May 2019, secured anti-suit injunction from English High Court blocking his NY lawsuit

Critical legal sequence: (1) Zampolli threatened legal proceedings in US and UK courts for unpaid 5% commission, Feb 2019. (2) Range Capital Markets (Dominica) Limited applied for anti-suit injunction in England High Court, Feb 28, 2019 — Justice Butcher issued interim order stopping Zampolli from bringing any claim except through ICC arbitration in London. (3) Final anti-suit order by Justice Waksman. (4) Range filed Request for Arbitration with ICC on May 5, 2019 (Case No. 24453/TO). (5) Zampolli's lawyer Robert Hantman filed parallel action in NY Supreme Court Jul 17, 2019 (Index 156698/2019) seeking discovery — petition for books, records, subpoena duces tecum. (6) Oct 2019 decision by Justice Rakower: granted petition in part, ordering Range Capital Partners (Dominica) Limited to respond to subpoena within 30 days; denied depositions and stays. Defendants in NY action: Range Developments, Range Capital Partners (Dominica) Ltd, Range International Consultants, Kempinski Hotels SA, Kamal Shehada, Xavier Destribats, NH.TT Construction, Mohammed Asaria. London arbitration outcome not publicly available.

Zampolli's court filings alleged Range sold CBI passports to nationals of Iran, Yemen, and Sudan in violation of US Treasury sanctions — Dominica later banned Iranian applicants

In the July 2019 NY Supreme Court filing, Zampolli's attorney alleged that Asaria and Shehada sold passports to nationals of Iran, Yemen, and Sudan 'in violation of sanctions imposed on these countries by the US Treasury Department and the Security Council.' Separately, Grenada court filings revealed passports were also sold to Iranian, Iraqi, Syrian, Sudanese, and Yemeni nationals. Dominica subsequently suspended CBI applications from Iranian nationals. Note: These are allegations from an adverse party (Zampolli) in ongoing litigation and should be treated as claims, not confirmed facts. However, the OCCRP investigation independently confirmed problematic passport recipients in the broader program.

NY Supreme Court (Judge Rakower, Oct 2019) partially granted Zampolli discovery petition — ordered Range Capital Partners to produce documents, denied other relief

In Zampolli v Range Devs. (Index 156698/2019, NY Supreme Court), Judge Eileen A. Rakower partially granted Zampolli's CPLR 3102(c) petition for discovery in aid of the London ICC arbitration. The court ordered Range Capital Partners (Dominica) Limited to respond to the Subpoena Duces Tecum within 30 days, but denied all other relief including depositions and discovery from non-signatories (Asaria, Shehada, Kempinski personally). Zampolli alleged the $30M Geneva distribution and fund commingling but these substantive allegations were not adjudicated — only the procedural discovery question was resolved. Range separately lost a motion seeking legal fees from Zampolli. The ICC London arbitration (Case 24453/TO) reportedly dismissed Zampolli's counterclaims and awarded Range £65,000 (US$84,500) in legal costs, per Range's own statements in March 2020.

NYSCEF business search 'Range Developments' returns exactly ONE result: Paolo Zampolli v. Range Developments et al (Index 156698/2019), already documented. No other Range Developments entity — Range Capital Partners, Range Capital Markets, Range Developments Group, Cabrits Resort — appears as a party in NY Supreme Court. The ICC London arbitration (Case 24453/TO) and the English High Court anti-suit injunction against Zampolli remain extra-US. This confirms the UK/Dominica-only legal footprint of Range Developments outside of the single Zampolli NY action.

OCCRP 'Passports of the Caribbean' investigation (2023) revealed Range client list included former Afghan defense minister Asadullah Khalid, accused of systematic human rights violations

The Guardian and 14 international news organizations working with OCCRP obtained documents revealing identities of approximately 7,700 people who purchased Dominica golden passports. A list of Range Developments' 'third party clients' included Asadullah Khalid, former Afghan defense minister and ex-head of National Directorate of Security (intelligence service), publicly accused of systematic human rights violations including torture. Khalid obtained Dominica passport in June 2017 via investment in the Cabrits resort. Other notable passport recipients in the broader program included: Saddam Hussein's top nuclear scientist (purchased 2014), a Gaddafi-era Libyan colonel (2015), two Russian billionaires later sanctioned after Ukraine invasion, a former Jordanian PM, and Iraqi central bank governor. At least 30 passport recipients were subsequently investigated, charged, or convicted of crimes; nearly a dozen became fugitives. LittleSis records confirm Range Developments-Khalid business relationship.

Range Developments corporate structure: multi-entity network across UAE, Dominica, and NY — at least 4 subsidiaries identified

Range Developments Group (parent brand, HQ Boulevard Plaza Tower 2, Dubai, founded 2011) operates through at least four identified entities: (1) Range Developments (Caribbean CBI operations), (2) Range Capital Partners (Dominica) Limited (project SPV, 33 Kennedy Ave, Roseau), (3) Range Capital Markets (Dominica) Limited (claimant in ICC arbitration), (4) Range International Consultants (marketing/sales/distributions for Dominica project). Also has NY presence at 654 Madison Ave, 9th Floor. Range International was the entity that 'handled all marketing and sales for the Dominica project and in most cases collected the sales proceeds and made distributions to the various accounts of the partners.' UAE expansion since 2020 via Range RAK with 2,500+ units on Al Marjan Island, Ras Al Khaimah.