Keybridge Capital freezes Bolton's $4.7M Lake Como villa
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Keybridge Capital (ASX:KBC) has obtained asset freezing orders from the Milanese Court against Nicholas Bolton and his Italian entity, Crotto del Nino.
The orders, known as sequestro conservativo, cover property valued up to $4.7 million, specifically targeting a luxury waterfront residence on Lake Como.
The court heard that the villa was allegedly acquired in July 2024 using funds transferred from a Keybridge subsidiary.
The Italian injunction follows a similar freeze placed on Bolton's Australian assets by the NSW Supreme Court in September 2024.
The current recovery efforts are being spearheaded by Keybridge’s largest shareholder, WAM Active (ASX:WAA), which is seeking to repatriate the funds for the benefit of all shareholders.