Zvernec South Adriatic Development sh.p.k

Developer that applied for the Zvernec resort permits. Reporter.al/BIRN (2026-05-29) says it was established in August 2024, is held through a chain of shell companies managed by Dutch Trust Management BV, that BIRN found no office at its registered address, and that it secured two development permits within eight months (permits not immediately published). Citizens.al (2026-06-08): development agreement signed 7 May 2026; capital raised from 50,000 to 250,000 euro two days before; official owner Universal Properties Projects BV, whose shares (306,000 euro) were transferred to Sazan Development Holding in May 2026. Follow the Money (2026-06-21) says the company manages the project from a legal and financial point of view. Government said the 29 Apr 2026 NTC approval was not a construction permit (per search summary).

• Government decision←National Territorial Council (Keshilli Kombetar i Territorit)Source label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  KKTU development permit (30 Mar 2026) and decision No. 5 (29 Apr 2026), as reported

  Evidence: Search summaries (Citizens.al 2026-06-16; RFE/RL) report the 30 March 2026 development permit and the 29 April 2026 decision No. 5 for fencing and road works. Government and critics disagree on whether this is a construction permit. Decision texts not public per critics. Existing entries ev-2026-03-30-zvernec-development-permit and conn-ntc-zvernec in.

Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.

• Share transfer of Universal Properties Projects BV to Sazan Development Holding

  €306,000

  paymentSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: As reported by Citizens.al (2026-06-08). Payment or consideration basis not stated in the fetched text.

  Date: May 2026 · Payer: Universal Properties Projects BV · Payee: Sazan Development Holding (Doha)

  • Documents that reveal who is taking control of Zvereni and Sazan (opens in a new tab)Citizens.al · 8 Jun 2026 · journalism · EN

• Zvernec South Adriatic Development capital increase

  €250,000

  otherSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Capital raised from 50,000 to 250,000 euro two days before the 7 May 2026 agreement, per Citizens.al. Capital increase, not a contract price.

  Date: May 2026 · Payer: Shareholders (not named in fetched text) · Payee: Zvernec South Adriatic Development sh.p.k

  • Documents that reveal who is taking control of Zvereni and Sazan (opens in a new tab)Citizens.al · 8 Jun 2026 · journalism · EN

• Albania Land Development transferred to Sazan Operations Holding

  €10,000

  Incomplete figurepaymentSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: 10,000 euro per Citizens.al (2026-06-08). A separate search summary reports a land sale of 5.5 million euro (Artur Shehu to ALD, 21 Nov 2025) with value rising to 122 million under prosecutor review; that source was not opened and is UNVERIFIED. INCOMPLETE.

  Date: Nov 2025 · Payer: Sazan Operations Holding (Doha) · Payee: Albania Land Development sh.p.k (shareholder transfer)

  • Documents that reveal who is taking control of Zvereni and Sazan (opens in a new tab)Citizens.al · 8 Jun 2026 · journalism · EN

• Kushner and associates investment, narrative figure

  €1,000,000,000

  Incomplete figureotherSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: 'One billion euros for the island' per Follow the Money narrative (Citizens.al 2026-06-21). Not verified against any company filing; separately Balkan press cites about 1.4 billion dollars or 1.5 billion dollars for the total project. INCOMPLETE and conflicting.

  Date: Jun 2026 · Payer: Kushner and associates (as narrated) · Payee: Sazan project (undetermined)

  • Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN

• Al-Khayyat Group access to construction contracts (NYT, as cited)

  €12,000,000,000

  Incomplete figurecontractSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: 'About twelve billion euros' per New York Times as cited by Follow the Money (Citizens.al 2026-06-21). Attribution is second-hand. INCOMPLETE: no breakdown by contract or project.

  Date: Jun 2026 · Payer: Government / public contracting authorities (as implied) · Payee: Al-Khayyat Group

  • Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN

• Payment to personal holding of Zoya Gyurova

  €400,000

  paymentSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: EUR 400,000 'poured into a personal holding company' per Follow the Money, from her annual financial report. Source of the funds not stated in the summary read.

  Date: Jun 2026 · Payer: Dutch / Strik-linked structure (per FTM, not precisely stated) · Payee: Personal holding company of Zoya Gyurova

  • Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN

• Reported Zvernec land sale agreement at about 5.5 million euro (Artur Shehu to Albania Land Development)

  €5,500,000

  contractSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Estimated value per a search summary; source article not opened. Conflicts with 122 million (AFP/OCCRP) and 230 million (Kushner statement, Oct 2026).

  Date: 21 Nov 2025 · Payer: Albania Land Development (as reported) · Payee: Artur Shehu (as reported)

  • Zvernec Wikipedia-style timeline (summary of news sources) (opens in a new tab)Timeline compiled from news (mirror) · Jun 2026 · journalism · EN

• Reported sale of Zvernec land for about 122 million euro (April 2026, AFP sources)

  €122,000,000

  contractSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: AFP-sourced figure via OCCRP/IDN summary; the sale date and buyer are as reported. Disputed (see fin-ald-land-price-5-5m-nov-2025 and fin-zvernec-kushner-230m-claim).

  Date: Apr 2026 · Payer: Albania Land Development (as reported) · Payee: Artur Shehu (as reported)

  • Albania Freezes Assets in Kushner Resort Probe (opens in a new tab)OCCRP · undated · journalism · EN

• Kushner's stated price for the Zvernec land: 230 million euro, 'private transaction under Albanian law'

  €230,000,000

  otherSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Statement reported by Albanian Daily News (2026-10-08), paraphrase. Not reconciled with 5.5m or 122m reports.

  Date: 8 Oct 2026 · Payer: not stated · Payee: not stated

  • Kushner Responds to Zvërnec Claims, Says Albania Project Could Reach €4 Billion (opens in a new tab)Albanian Daily News · 8 Oct 2026 · journalism · EN

• Declared total of the Zvernec development: about 4 billion euro (Kushner, as reported); about 5 billion combined with Sazan (Rama, as reported)

  €4,000,000,000

  otherSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Declared figure, not an investment record. Other reports: about 1.4 bn for Sazan; 2.6 bn lek declared for a 2.5-ha Pishe Poro site (Reporter.al). Figures differ across sources.

  Date: 8 Oct 2026 · Payer: not applicable · Payee: not applicable

  • Kushner Responds to Zvërnec Claims, Says Albania Project Could Reach €4 Billion (opens in a new tab)Albanian Daily News · 8 Oct 2026 · journalism · EN

• Reported $195 million transfer from Qatar to Albania Land Development, frozen for about three days (Shqiptarja)

  No amount recorded

  seizureSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Stated in USD ($195 million) by Shqiptarja; Albanian Daily News says nearly 200 million euro frozen but not officially confirmed; SPAK did not confirm the seizure per summaries. The Shqiptarja and Balkanweb versions say the funds were in accounts of landowners and later released for the company.

  Date: Jun 2026 · Payer: Qatar (as reported) · Payee: Albania Land Development (as reported)

  • Zhbllokohen 195 milionë dollarë për Zvërnecin, SPAK e bllokoi për 3 ditë (opens in a new tab)Shqiptarja · undated · journalism · SQ
  • Rama Defends Zvërnec Investment Project Amid Reports of Asset Freeze and Ongoing Investigation (opens in a new tab)Albanian Daily News · undated · journalism · EN

• Reported freeze of about 110 million euro in a notary's account (OCCRP / IDN)

  €110,000,000

  seizureSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Stated definition: Reported by OCCRP and IDN per search summary; differs from 195m USD (Shqiptarja) and 128.4m (Balkanweb unrelated text). Not officially confirmed.

  Date: Jun 2026 · Payer: not stated · Payee: notary account (as reported)

  • Albania Freezes Assets in Kushner Resort Probe (opens in a new tab)OCCRP · undated · journalism · EN

• Ownership←Redi StrugaSource label: DisputedCode: DISPUTEDContested by the person concerned, or the evidence conflicts.

  Owner via Smart Construction Invest (BIRN)

  Evidence: BIRN (via Reporter.al): South Adriatic Development wholly owned by Redi Struga through Smart Construction Invest. Conflicts with Citizens.al ownership chain.

• Official position←Edi RamaSource label: Officially reportedCode: OFFICIALLY_REPORTEDStated by an official body (SPAK, a court, the Ombudsman, a prosecutor). An accusation is verified only as an accusation.

  Rama says the project goes ahead

  Evidence: Al Jazeera, 11 June 2026: Rama says the EIA will be completed and the project proceeds regardless (undated statement).

• Ownership←Redi StrugaSource label: DisputedCode: DISPUTEDContested by the person concerned, or the evidence conflicts.

  Reported full owner of ZSAD through Smart Construction Invest (BIRN) - conflicts with Al-Khayyat ownership claim

  Evidence: Reporter.al (2026-05-29): ZSAD is 'a company wholly owned by Redi Struga through Smart Construction Invest'. Citizens.al (2026-06-08) and Exit.al attribute control to Al-Khayyat-linked companies. Existing entries conn-zsad-struga-ownership and conn-struga-smart-construction in.

Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.

• Hypothesis←Strik Tax and Legal / Strik Attorneys at Law and Tax AdvisorsSource label: Under investigationCode: UNDER_INVESTIGATIONCredible reporting or investigative material that a court has not established.

  Strik structured the chain; no direct link of four Strik companies to Sazan (Citizens.al)

  Evidence: Citizens.al 2026-06-08 says Strik structured the chain, but finds no evidence linking the four Strik-associated companies it examined to Sazan or Zvernec.