DANVILLE — The principal owner of Blackhawk Plaza in Danville is tangled in a web of failed real estate loans in Southern California that have engulfed multiple banks and created murky prospects for the delinquent properties.
Deba Shyam, who heads up Ramanujan Group, the owner of the ailing retail and dining hub near the posh Blackhawk enclave, is a key figure, along with two other real estate executives, in a thicket of murky financing deals for at least 15 Southern California properties and one in Texas.
Zions Bancorp and its California Bank & Trust unit, along with Western Alliance Bank, filed separate lawsuits against Shyam, Andrew Stupin, Gerald Marcil, and others, claiming that they and their affiliates have breached contracts or engaged in “fraudulent concealment,” court records show…