Word: situred
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...investors, and the plans had to be dropped. Finally, the Aga Khan hired Goldman Sachs last year to sell off some of Ciga's lesser hotels in hopes of raising roughly $175 million to repay loans and stanch losses. One of the few buyers that stepped forward was Situr, an Italian property group, but before a deal could be struck, Situr alleged that Ciga's books contained serious irregularities and dropped out of the negotiations...