Sunday, November 22, 2009

Sayed Khaiyum and Tappoos strike deal



In what is a clear case of conflict of interest, the interim Attorney-General Aiyaz Sayed-Khaiyum has sold personal property, including a large residential block of prime land in the heart of Suva city to business tycoon Tappoo Group of Companies.

While the price remains undisclosed, Coupfourpointfive has established that it was sold at an inflated price, in return for concessions and benefits from Sayed-Khaiyum who is also tourism minister.

The property located in Berry Road, Suva, previously housed the office of Fiji Women's Crisis Centre. The Centre moved to its new headquarters built through Australian aid a few days before the December 5, 2006 coup.

The Berry road land and property was registered under a company named Latifa Investment Limited. The forwarding address of the company has been given as BDO Zarin Ali, Level 8, Dominion House, Suva. One of the Managing Partners of BDO Zarin Ali, a chartered accounting firm, is Nur Bano Ali.

Nur Bano Ali is Sayed-Khaiyum's maternal aunt, sister of Sayed-Khaiyum's mother Latifa. The owners of Latifa Investments are Aiyaz Sayed-Khaiyum and Latifa Khaiyum (F/N Bakar Ali). Their residential address is 40, Lovoni Road, Suva (Khaiyums' residence) while postal address is P O Box 555, Suva.

The Berry Road property has a CT Number of 6694 (Lot 2 DP 1280). It has been bought by Bright Star Investment, which is owned by Tappoos

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