Coupfourpointfive has obtained the land transfer document showing that the interim Attorney General Aiyaz Sayed Khaiyum sold his Berry Road property to Tappoos for an inflated $810,000.
We recently reported of the deal between Latifa Investments Ltd, owned by Sayed Khaiyum and his mother and Bright Star Invesments Ltd owned by Tappoos.
Tappoos bought Sayed Khaiyum's property for an over-estimated amount in return for a deal which was revealed later in the 2010 budget. The deal was that tourists could claim back only from duty free shops owned by Tappoos, VAT on duty free items.
Coupfourpointfive has obtained a copy of the Land Transfer lodged by Suva law firm Tikaram & Associates and signed by Sayed-Khaiyum. It also carries the common seal or stamp of Latifa Investments.
The document clear shows that two lots owned by Latifa Investments were sold to Bright Star Investment for $810,000.
Our sources have established that Sayed-Khaiyum bought the property for $350,000 in 2005.
If this is true then Sayed-Khaiyum made a profit of $460,000 in three years.
Read Land Transfer document -http://www.mediafire.com/imageview.php?quickkey=j5m0mxwdnud