Paolo Aquilini sued after alleged failed real estate transaction

Vancouver’s Paolo Aquilini is being sued in BC Supreme Court for $641,878.52, for allegedly borrowing money to pay a non-refundable deposit in a real estate transaction that failed to complete, and then not repaying his lender. The lawsuit lists the money the lender seeks without specifying that it is in U.S. dollars, although that was the currency in which the deposit was allegedly made.

Toronto-based lender Two Shores Capital Corp. is suing Aquilini, who is brother to Roberto and Francesco Aquilini. They and father Luigi are principals and managing partners at the Aquilini Investment Group, which is worth billions of dollars and owns substantial real estate holdings as well as the Vancouver Canucks.

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