Mr. Chaudhry has made false claims, which are far from reality, that a whole tower in the United Arab Emirates (UAE) is owned by the Finance Minister’s sons. The whole tower (G+39), named “HDS Tower”, was sold out, except for a few units that have been retained for office purpose. There are approximately 300 buyers / owners, including individuals, corporations, companies and institutions etc., whose ownership details and particulars are available with the Real Estate Regulatory Authority (“RERA”) of the Government of Dubai. Therefore, the allegation of the Tower being owned by the Finance Minister’s sons is concocted and a big lie. It may be noted that Mr. Ali Dar, the elder of the Finance Minister’s two sons, is independent and married. He has been doing the business of property development for the last 14 years in the UAE.
Similarly, the claim made by Mr. Chaudhry regarding the car rental business, owned by the Finance Minister’s sons, is also completely false. It is usual for car rental businesses in the UAE, that owners of luxury cars place their cars with car rental companies for renting out, due to considerable demand for such vehicles. Any person may rent out luxury cars through car rental companies, which charge part of the rental amount as their fee. In addition, the Roads and Transport Authority (“RTA”) of the Government of Dubai, allows for temporary transfer of vehicles between Rent-a-Car companies, which allows companies like “HDS Rent A Car”, owned by the Finance Minister’s sons, to offer to their clients cars owned not just by them, but also by hundreds of other car rental companies in Dubai. The car rental business of “HDS Rent A Car” is well-recorded, properly audited and is carried out in accordance with the laws of UAE. Given the abovementioned facts, it may be noted that although the “HDS Rent A Car” business is owned by the Finance Minister’s sons, the cars which are made available by “HDS Rent A Car” for renting by customers, are not owned by “HDS Rent A Car” or by the Finance Minister’s sons. Therefore, the assertions and inferences made by Mr. Chaudhry regarding the car rental business of the Finance Minister’s sons are completely untrue.
The Finance Minister’s sons have filed a damages suit for Rs. 5 billion against Mr. Imran Khan for making similar statements. Mr. Fawad Chaudhry should refrain from making such falsified statements regarding the Finance Minister’s sons in the future. Otherwise, a similar damages suit will also be filed against him.
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