ACI Real Estate chief Robin Lohmann on Wednesday hit back at allegations that he funded a lavish lifestyle using investors’ cash.
In an exclusive interview with Arabian Business, to be published in full on Sunday, the German developer – behind several branded sports buildings including the Michael Schumacher Business Avenue and Boris Becker Business Tower – said: "No, I don’t have a private jet for seventeen million Euros and my father never needed to cancel an order for a private jet anywhere in the world."
He also described as "nonsense" the suggestions "that I have purchased six Bentley GTs, each for 200,000 euros ($278,000), so I could have one for each working day...this isn’t true, you can go to the RTA (Roads and Transport Authority) and check for yourself."
Lohmann has faced stern criticism in the German media, after investors who put up to 50m euros into his Development Funds did not receive payments, due in March this year.
The ACI managing director said that payments relating to the branded towers were not due until 2012, and that the allegations were part of a campaign against him by the owners of the German website gomopa.net, about whom he has discovered "interesting things" through his own investigations.
This week the site also alleged that he was planning to move to South America, and had already arranged for a new passport. "Maybe you will read in the future that I needed to buy 30 bicycles, for each day in the month, the reason might be that I was not able to pay for my petrol anymore because I send all my money to Bahrain and Belize.
"In this article (referring to the German website claims) it is also mentioned that my father and myself have ordered two South American passports for 750,000 euros from a company located in Panama...We are more than happy with our German passports and we never faced any problem with our passports."
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