The 'Sheikh of Rama' under investigation by the Indian police, Mohamed Alabbar is accused of forging a project

The Delhi Police has issued a notice to Mohamed Ali Alabbar, the founder and managing director of Dubai-based Emaar Properties, asking him to appear before it on Friday for questioning in a case of alleged forgery and criminal trespass. of trust involving a housing project in Gurugram.

According to local media , a spokesperson for Emar India admitted that he had been informed by the police about the notice issued to the businessman and founder.  

"The matter relates to a civil case filed by some home buyers against the banks from which they had availed property loans worth around Rs 1 crore, where Emaar officials have been made parties to the case," the spokesperson said .

According to the police statement, Alabbar, who is one of the directors of the real estate firm's India subsidiary - Emaar India Limited - along with three other senior officers in the country, have been asked to appear before it for questioning. questioned in the case.

"It is informed that the case (regarding Palm Garden Project) is being investigated by Section IV Economic Offenses Wing, Delhi Police, New Delhi. This case is being investigated against M. EMAAR India Ltd, formerly known as EMAAR "MGF Land Limited and its directors for their housing project 'Palm Garden' located at Kherki Daula Village, Sector 83, Gurugram ," the release said.

Alabbar's name is mentioned as accused and suspected of being involved in economic violations.

According to the FIR, the project started in 2010 and the company promised to hand over the flats to the buyers by September-December 2015. It then alleged that the company collected money from the buyers and diverted it for other purposes leading to a delay in completion. of the project.

Mohame Alabbar became known in Albania by the government after the agreement of the Port of Durrës. The Albanian government signed a 2.5 million dollar agreement with Alabbar's company to build "Durres Yachts and Marina".

The project will accommodate yachts and superyachts up to 120m, along with hotels, private residences, promenades, shops, restaurants and entertainment.

Alabbar has previously said that the project includes over 80,000 square meters of parks and open spaces, and 170 commercial shops are also being planned.

The agreement between the Albanian government and the companies Eagle Hills Real Estate Development LLC, Albanian Seaports Development Company sh.a and Nshmi Development LLC was defended in the Assembly by Prime Minister Edi Rama, who received the merits of the negotiation with the Arab investor, Muhamed Alabbar.

However, the European Union put the project under scrutiny until the government clarifies the opposition's accusations about the lack of competition and transparency.