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Who inflated and who deflated value of their respective and adjacent lots: Aiyaz Sayed Khaiyum or Faiyaz Siddiq Koya?
In his asset declaration to the Registrar of Political Parties dated 24 February 2015, Aiyaz Khaiyum stated the value of his Lot 13 DP 9206,
CT 37186 at $80,000. However on 29 August 2006, a certified true copy of Transfer No 593802, shows that Khaiyum’s company Midlife Investments paid Faiyaz Koya, Sahim Arif Khan, Mohammed Altaf and Anwar Hussein the sum of $100,000 for the Lot. On 17 November 2010, Lot 12 right next to his own Lot, was sold by Siddiq Faizal Koya through Transfer Certificate No 738461 for $170,000. The respective size of both Lots is the same, 1099 sq meters. So is the plot of land belonging to Faiyaz Koya, and next to that of Aiyaz Khaiyum. How come, in September 2014, in his loan application to the HFC Bank, Faiyaz Koya listed the value of his land at $280,000. Who inflated and who deflated the value of their respective and adjacent lots: Aiyaz Sayed Khaiyum or Faiyaz Koya?
Under the Political Parties Decree, politicians who make false declarations are liable to fines of $50,000 or up to 10 years in jail, or both
