TY Management Corp., owned by Uniqlo billionaire Tadashi Yanai, has filed a federal RICO lawsuit against Maui Land & Pineapple Co., alleging the company committed fraud by disguising capital repairs as routine maintenance to inflate water rates charged to Kapalua’s golf courses. The dispute is part of a broader, ongoing fight over control of West Maui’s water infrastructure.
- TY Management alleges Maui Land & Pineapple fraudulently relabeled repair costs as maintenance to justify billing them through higher water rates at Kapalua Resort.
- Water rates charged to the Kapalua golf courses rose more than 300% between January 2025 and January 2026, from roughly $0.49 to $2.15 per thousand gallons.
- TY Management estimates it was overcharged at least $447,000 in 2025 alone and is seeking repayment plus a court order halting the billing practices.
- Maui Land & Pineapple denies the claims, calling the lawsuit an attempt to pressure the company into transferring control of its water system.
- This federal suit is one of at least three active legal disputes between the two companies, all centering on West Maui water access and infrastructure.
Source: Billionaires
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