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Tag Archives: Uwe Lohman

Gütersloh/Bielefeld (dpa). Several companies for real estate funds in Dubai under the umbrella of the German investment company ACI signed bankruptcy on Friday. This handle the companies of Fund II to V and ACI IV Beteiligungs GmbH, was announced by the Amtsgericht Bielefeld. A provisional administrator will probably determined on Monday, it was said. Document number not issued yet.
The company had previously announced the bankruptcy. Reason was the price drop in real estate in Dubai, stressed ACI founder Uwe Lohmann. “Inevitable accounting depreciation of the carrying amount of the projects in Dubai” had then resulted in the bankruptcy.

The Fund VI and VII are not affected. ACI (alternative capital invest) have around 70 million investors money collected and distributed so far EUR 13.8 million. The building projects, several skyscrapers in Dubai, are “in unfinished construction”, said Lohmann.

After a determined the public prosecutor’s Office Bielefeld suspected of investment fraud against ACI for months.

In November 2009 the State company had Dubai acknowledged world, that he and his real estate subsidiary Nakheel which is known for the construction of the artificial island in Palm had accumulated debt of approximately $ 60 billion. Resulted in a significant loss of confidence by investors in the region of Dubai according to banks.