DR.CEM KINAY:JOE GRANT CAY PURCHASE WAS FAIR AND JUST

JOE GRANT CAY PURCHASE WAS FAIR AND JUST.

Statement of Dr Cem Kinay
with respect to Joe Grant Cay Undervalue Allegation

Istanbul, Turkey – 2February 2016

I have read in recent news that it is alleged that Joe Grant Cay, a Crown land, was valued at $75 million but was sold to my companies for $3 million.

I can not afford lawyers as Turks and Caicos Islands Courts have frozen all my worldwide assets not allowing me to spend any funds towards my right to defend myself and my companies, but I will make this statement today to set the record straight.

The allegations against Joe Grant Cay and myself are totally baseless. It is claimed that 200 acres of the 710 acres of the Joe Grant Cay Island was purchased at an alleged undervalue in June 2008. The undervalue claim is based on a set of confused valuation reports prepared by the Government’s Valuation Officer, Mr. Shaban Hoza which was different from the valuation report prepared again for the Government, instructed by Hon. Governor Richard Tauwhare in June 2008 , by an independent accredited commercial appraiser in TCI, BCQS who valued 200 acres of Joe Grant Cay, at USD 3.2 million for commercial use, exactly the amount of money asked by the Government in June 2008, which my development companies have paid in full. It is significant that his Hon. Governor increased the price on the back of the BCQS valuation report from USD 2 million to USD 3.2 million.

Following our purchase, I have obtained 5 more valuation reports to justify the price of this transaction, 2 from local valuation companies and 3 from internationally repute appraisers: CB Richard Ellis and Ernst & Young in the USA; and Savills of UK which all agreed on similar valuation levels of the BCQS report which was the just and fair value of this Crown land.

The Development Agreement of Joe Grant on the other hand, was negotiated over almost 2 years with the Attorney General’s Chambers before Hon. Governor Whetherell and Hon. Rhondalee Braithwaite executed it on behalf of the Crown on 7 November 2008. Joe Grant Cay Development Agreement signed by Hon. Governor Whetherell does not contain any privileges, favors or better conditions than any other Development Agreements signed by him or any other recent development agreements signed by previous Hon. Governors. All negotiations were dealt over almost two years by the development companies professional management team, our lawyer Owen Foley at Misick & Stanbrook, my joint venture partner’s lawyer Mr. Chal Misick, Attorney General’s Chambers and TCI Invest.

For the past 6 years, I have been living stripped of my basic human rights and assets just because the TCI Courts have concluded in connection with a political donation made to Michael Misick on 9 January 2007 “there to be a very strong probability that the money was paid as a bribe in order to ensure that the Defendant companies obtained the benefit of the proposed (Joe Grant Cay) development” disregarding the evidence that I have sent, stating that I was “late” sending evidence to the trial. My appeals were rejected and TCI Government has taken Joe Grant Cay back from my companies only to sell the same Crown Land, Joe Grant Cay for USD 4.04 million in October 2013.

For those who doubt that the development of Joe Grant Cay is not innocent, I have the following to ask: We have paid 3.2 million in 2008 for this 200 acre land, 5 years later, the same land has been sold for 4.04 million in an open market transaction ! I ask you what happened to the alleged tens of millions of dollars that the Government and some of our opponents claimed that this land was supposed to be worth?

I have the answer: The alleged valuation of this island was a big lie ! Joe Grant Cay’s 200 acre was never valued more than what we paid for. That was the exact reason why many internationally repute valuation companies as well as all the local valuation companies have valued it at the exact value that we paid for it. That is why both Hon. Governor Tauwhare, and later on Hon. Governor Whetherell have approved and executed the sale of this 200 Acre land to us for USD 3.2 million, and that was why the sale was approved by the Attorney General, TCI Invest, Ministers, and the Premier and Hon. Rhondalee Braithwaite, Deputy Attorney General back then. Do you really believe that they were all ‘deceived’? and did not know what they were selling?

In fact, there was no “favor” from anyone for Joe Grant Cay. In fact, we have paid the true value of this land, and the shameless dark forces took away from us alleging the “undervalue” sale.

The people of Turks and Caicos Islands was going to benefit from Joe Grant Cay development as this project was going to provide a sustainable source of income for the local economy. Today, we could have celebrated the opening Dellis Cay, and the commencement of construction at Joe Grant Cay. These could have provided much needed employment opportunities. I have seen the progress in North Caicos with my own eyes during Dellis Cay’s construction and I have no doubt new businesses could have flourished both in North and Middle Caicos if we could complete what we had started.

In the past years, I have been victimized by politics. My assets were frozen and hundreds of people lost their jobs.

I am calling upon the TCI Government and the Attorney General to end these groundless accusations against me, return my assets, and clear my name as I have done nothing wrong. I have spent all my wealth in Turks and Caicos Islands, and lost most of my investments, lot of purchasers lost their investments too.

I still desire to realize my dreams concerning Dellis Cay and Joe Grant Cay. I have spent all my life in building my reputation. My life is full of success stories and honors. I intend to spend the rest of my life to defend these honors.

God Bless

Top Document 3:Joe Grant Cay Development Agreement signed by Governor Wetherell

Hon.Governor Wetherell on the day of signing DA of Joe Grant together with Michel Neutelings,Director of  Joe Grant companies and Deputy AG

7nov2008- Joe Grant Cay Development Agreement

JOE GRANT CAY – Development agreement final execution 071108

I have no info,where now Hon.Governor Wetherell is living.He is most possible enjoying the immunity for his doings in Turks and Caicos Islands and most probably ,he is aware which lives he already destroyed through his doings,when he was Governor in Turks and Caicos Islands.

I can only hope,that he is reading this article too

During his years he was only seen,when he was in TCI TV’s.He was never feeling as a part of TCI community .

TCI People will never forget him,because he brought TCI in the most difficult times of the history.

TCI is still after 3 years looking to go back in democracy .

He is responsible for economical disaster in the history of TCI too.

In compare to Hon.Wetherell ,Hon.Governor Todd is pushing back the business in TCI and trying to support every new investor,coming in the country to start with the projects again,which were held during time of Wetherell.

Hon.Governor Wetherell acted unlawful and unfair in the case of Cem Kinay.The courts in Tci already decided this in June 2009.He published unlawful the Commission of Inquiry Report  in July 2009 and caused through the allegations the halt of the project.

The same Hon.Wetherell approved and signed the Development Agreement of Joe Grant in November 2008!!

Now I will be accused for possible bribe to Premier  Misick for an agreement which has been signed and approved by Hon.Wetherell.

Very strange story.

I invited Hon.Gov.Todd to publish all DA ‘s in TCI in the last 20 years.He can still do it.

I am now publishing the DA of Joe Grant approved and signed by Governor Wetherell in November 2008.

God bless

Dr.Cem Kinay

one of the victims of Hon.Gov.Wetherell

Dellis Cay Development Agreement signed by Hon.Governor Tauware in 2005

Link: 31July2005- Dellis Cay – Development Agreement signed

Between Dr.Cem Kinay nd  Hon.Governor Tauware on 31th July 2005.

Please compare both Development Agreements signed  for Dellis Cay ,DA from 1997,before I purchased  Dellis Cay in 1997

and  2005,when I  purchased Dellis  Cay.

I am asking again Hon.Governor  Todd to publish all DA’s in the last 20 years  for TCI People.

I am asking Helen Garlick to extend their investigations  for all DA’s and political donations in this country.

The TCI people has the right to know the TRUTH’s.

God Bless.

Dr.Cem Kinay

Developer of Dellis Cay Turks and Caicos Islands.

Red Notice Issued for Dr.Cem Kinay

 

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Red notice issued for Dr Kinay
Published in SUN TCI on 11th of July 2012
Dellis Cay developer Dr. Cem Kinay says a red notice has been issued for him to be brought back to the Turks and Caicos Islands.
In a press release sent to The SUN from Istanbul, Turkey, said: “After 35 years of successful tourism and real estate investment experience, I have encountered a new experience today. I learned that a Red Bulletin is issued for me to be taken back to Turks and Caicos Islands.  I have been fighting my political and legal struggle with the Turks and Caicos Islands Government since 3 years.”
In March this year, the Special Investigation and Prosecution Team (SIPT) confirmed that an international arrest warrant has been issued for former Premier of the Turks and Caicos Islands, Michael Misick in connection with allegations of corruption and money laundering.
Back then, the Helen Garlick-led Special Investigation and Prosecution Team (SIPT) said they obtained the arrest warrant and a “Red Notice” which was authorized by the International Criminal Police Organisation (Interpol). However, they have not issued any such notice to the media regarding Dr. Kinay, who is known to be wanted for questioning in relation to allegations of bribery allegedly involving Misick.
Dr. Kinay did not elaborate on the circumstances surrounding his red bulletin, but he stressed that he is being victimised.
He stated: “My companies have invested in Mandarin Oriental Dellis Cay and Joe Grant Cay projects since 2005 until August 2009. We were the largest investor of TCI history.  The total investment was going to be around $ 1 billion.  I believed that the unique nature of my development would contribute to the cultural development of the islanders who embraced me with much interest. However, ex Premier Michael Misick’s deteriorating relations with England,  the political conflict between England and Turks and Caicos Islands and the alleged corruption resulted in the intervention of the British government to the island. Misick was dismissed, Parliament abolished, and constitution was suspended.  Our investments came to a complete halt. I lost all I have to the funding banks.”
He added: “The perfectly legal political donation scheme that existed in the islands for many years was turned into a corruption scandal. To prove Misick is guilty, we were chosen as targets. I am a victim of politics, and I am innocent. I did not receive any benefits for any of my political donations. I will continue my defense in the international level.”
Interpol requests are normally issued for the arrest of wanted persons with a view to extradition. An Interpol Red Notice is the closest instrument to an international arrest warrant in use today. Interpol does not have the authority to issue arrest warrants in the formal sense of the word, as this is the domain of the sovereign member states.
An Interpol notice or international notice is issued by Interpol to share information between its members. There are seven types, six of which are known by their colour codes: red, blue, green, yellow, black, and orange. INTERPOL will only issue notices if it is satisfied that all the conditions for processing the information have been fulfilled.
Dr Kinay  practiced medicine at the General Hospital of Vienna in Austria.  He  received his PhD from the University of Vienna Medical School in 1984. He is a Turkish and  Austrian Citizen, Belonger of Turks and Caicos Islands.  In 1987, Magister Oguz Serim, his other Austrian citizen partner, and Dr Kinay set up a tour operator by the name of Gulet Touristik, the largest tour operator in Austria.  In 1990, they founded the Magic Life Group.  Magic Life owned and managed luxury properties in Turkey, Greece, Tunisia, Spain, Egypt and Bulgaria.  In 1997,they established a further tour operator, Gulet Touropa Touristik. In 2004, they sold Magic Life and Gulet Touristik to the German tour operator TUI AG, one of the world’s largest tour operators.
Dr Kinay is widely recognized for his  contributions to the travel industry, In 1996 he was lauded as Austria’s “Tourism Manager of the Year” and in 1997, as “Man of the Year” and Finally on 2007, he has  been honored with “State Medal Of Austria”.

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Cem Kinay’in Kirmizi Bulten ile Ilgili Aciklamasi

Istanbul
10 Temmuz 2012 Salı

 

Yaklaşık 35 yıldır Türkiye ve dünyada turizm sektörünün en saygın yatırımcılarından birisi olarak devam etmekte olan iş yaşamımda bugün yeni bir deneyim daha yaşadım.

İngiltere ve Turks and Caicos hükümetleri tarafından hakkımda bir Kırmızı Bülten çıkarıldığını haber aldım. Yaklaşık 3 yıldır sürdürdüğüm siyasi-hukuki mücadeleyi kazanacağımdan emin olmakla birlikte, gelinen noktayı kamuoyu ile paylaşmayı da bir borç biliyorum.

Türkiye’nin ekonomik kapasitesini dünyanın her yerine yayması gerektiğine inanan bir işadamı olarak  2005 yılında önce Karayiplerin bir adası olan Turks and Caicos Adalarında yaklaşık 1 milyar dolarlık bir emlak ve turizm yatırımına giriştim. Adanın güzelliğine, ekonomisine, kültürel gelişimine büyük katkı yapacak olan projemizi ada halkı ve yönetimi de büyük bir sevgi ve ilgiyle kucakladı. Ancak Ada yönetiminin ve başbakan Michael Missick’in adanın bağlı olduğu İngiltere yönetimiyle siyasi ihtilafa düşmesi, siyasi istikrarın bozulmasına ve 2009 yılında İngiliz hükümetinin adaya müdahalesine yol açtı. Yolsuzlukla suçlanan Missick görevden alındı ve anayasa askıya alındı.

Bu süreçte Turks and Caicos adalarında yatırım yapan onlarca işadamı da başbakan Missick ile bağlantıları olduğu ve yolsuzluğa karıştıkları iddiası ile suçlandılar. Ancak suçlananlar hep yabancı yatırımcılar oldu. Başbakan Missick’in rüşvetçi olduğunu ispat etmenin yolu, özellikle hedef seçilen yabancı yatırımcıların rüşvet verdiğini kanıtlamaktı. Ben de bu siyasi mücadelenin günah keçilerinden birisi olarak seçildim ve yıllar sürecek bir hukuk mücadelesinin içerisine itildim. Gerçekten “”masum ve haklı olduğum” için, “masum ve haklı olduğumu” kanıtlayacağımdan eminim. Bugüne kadar bu konuda açılan ve tamamlanan bütün davalarda olduğu gibi bundan da beraat edeceğim. Siyasi bir davaya karşı yürüttüğüm hukuki mücadelemi ise uluslararası platformların tümünde sürdüreceğim.

Hem Türkiye’nin büyüyen gücüne paralel olarak dünyanın her yerinde iş geliştiren Türk işadamlarını bu tür riskler konusunda uyarmak ve hukuki süreçler konusunda hazırlıklı olunması gerektiğine dikkati çekmek hem de küresel bir güce dönüşen Türkiye’nin tüm dünyada bayrağımızı dalgalandıran işadamlarından birisi olarak ilgililerin desteğine ihtiyaç duyduğumuzu belirtmek için bu kısa açıklamayı kamuoyunun bilgisine saygılarımla sunuyorum.

Dr. Cem Kınay

Geçmiş

 

Birlesik  Ingiltere Kralligi na dahil Turks ve Caicos Adaları’nda yer alan Dellis Cay bir doğa harikasıdır.  Parrot Cay’in yanında yer alan adaya Providenciales’den deniz yoluyla 20 dakikada ulasmak mümkündür. Dellis Cay, Haziran 2005’te  özel bir şahıstan satın alınmıştır. Adada dünyanın önde gelen mimarlarının eşsiz tasarımlarından oluşan lüks bir yerleşim kompleksi planlandı.. Proje tamamlandığında, adada Mandarin Oriental otelinin çevresinde yer alan ve otelin hizmet vereceği lüks villalar ve residenceler olacaktı.  Projenin inşaat çalışmalarına, Haziran 2008’de başlanmıştı ve planlanan, projenin ilk bolumunun Ekim 2010 da tamamlanması  şeklindeydi.

Dr. Kinay, son otuz yıldır ,vizyon sahibi,saygıdeğer bir uluslararası iş adamı olarak  haklı bir üne kavuşmuştur. Magic Life Grubu’nun kurucusu olan Dr. Kınay, 2006 yılında layık görüldüğü “Avusturya Devleti Onur Payesi ve Madalyası” da dahil olmak üzere yüksek ahlaki ilkelerini, dahası iş dünyasındaki zekasını ve yetkinliğini tanıyan pek çok ödül almıştır.

STATEMENT OF DR.CEM KINAY WITH RESPECT TO THE SALE OF JOE GRANT IN TURKS AND CAICOS ISLANDS

Istanbul, Turkey   2 July 2012

 

I understand that  Sotheby’s has been instructed to act for the Government, and has placed  the 200 acres parcel 30101/25 of Joe Grant Cay on the market for sale at US$9.95 million.  The parcel was recovered last year for the government following a claim by the Civil Recovery Team against my companies. I appealed the decision. The Appeal Court will decide later this year whether the Court’s decision was just and fair, as it was not.

The people of Turks and Caicos Islands must know that according to the Court documents submitted by the Attorney General:

  • on 7 November 2006, Mr Shaban Hoza, Government’s own valuation officer,  reported a freehold value of this  land for commercial use to be $230,000 per acre, but advised that the Government (or the Crown) could negotiate a price of up to $330,000 per acre. Those figures produce a valuation of between US$46 million and US$66 million for this 200 Acres land for commercial use ;
  • on 10 June 2008, this time  Mr Hoza has produced a valuation of US$50 million for this 200 acres land for commercial use .

The  Attorney General has quoted these valuations to build the Government’s case against our companies. The Court on the other hand, disregarded the Government appointed BCQS Limited’s US$3.2 million valuation for this 200 acres land for commercial use which was the basis for our purchase of Joe Grant Cay through our companies back in June 2008.

Now they are attempting to sell it  at US$9.95 million.

The Government owes to TCI people, to declare the true value of the 200 acres of Joe Grant Cay, is it worth USD 50 million? US$250 million ? Or US$3.2 million that BCQS, a reputable Caribbean commercial firm  has reported when they worked for the Government to confirm what must be the fair market price of this 200 acres?

If US$50 million is true, somebody is going to benefit US$40 million of Turks and Caicos People’s money.

If US$3.2 million is true, the Government should give us back our land,, that it claimed we bought at undervalue at the absence of a Development Agreement, in the midst of Worldwide economic crisis.

In any case, The Government must immediately stop the illegal sale of the 200 acres of  Joe Grant Cay.  This land is still the subject of an upcoming appeal between our companies and TCIG.

I appeal His Hon.  Governor Richi Todd to suspend the sale of 200 acres of Joe Grant Cay.   I also appeal to Sotheby’s Turks and Caicos Islands to immediately stop the sale of this land, which is still in dispute. I appeal to Temple Trust, to wait the results of the upcoming appeal.

Joe Grant Cay is a  remote  uninhabited cay located in a remote section of the archipelago between Middle Caicos and Easy Caicos, accessible only by sea.  This Cay has no  dock, no road, no  electricity, no water neither any form of other infrastructure.  The cay is composed mainly of consolidated rock with the ocean frontages consisting of either sand or “iron shore”.   The elevation is low  and the shallow water depths at some parts of the island for do not allow visitors to access other areas.

In 2008, We took a huge risk when we decided to invest into this property encouraged by his Hon. Governor Tauwahare, and ex Chief Minister Michael Missick.

I condemn the statements of certain people who claim that Joe Grant Cay will pay off TCI’s US$ 260 million debt to the UK.  The best 200 acres of beach front parcel of Joe Grant Cay is up for sale US$9.95 million and it is unlikely that it will meet any buyer, unless the Government promise a preferential Development Agreement never seen before, with huge subsidies. Perhaps a preferential Development Agreement is already on the table, and the lucky buyer is already known. We will see what will come up behind the decision to sell this land so swiftly, without waiting the result of the appeal.

Dellis Cay and Joe Grant Cay Development  Agreements:

Whether the Government has on the offer a preferential Development Agreement to the new buyer of Joe Grant Cay’s 200 acres, our Development Agreements had nothing   unusual in them.

My companies have invested in Mandarin Oriental Dellis Cay and Joe Grant Cay projects since 2005 until August 2009. We were the largest investor of TCI history.

We have bought Dellis Cay at the time of His Hon. Tauwhare in June 2005 for USD 18 million from Mrs Dini Zingone. This deal was the largest private deal in TCI.  I signed Dellis Cay’s development agreement dated July 2005 with Hon. Governor Tauwhare.

Further, on June 2008,  we bought 200 acres of Joe Grant Cay island after 1,5 years of negotiations directly with the Attorney General, at the prices and terms determined by third parties appointed by His Hon. Tauwhare.  On November 2008, our companies signed a Development Agreement for Joe Grant Cay after 2 years of intense negotiations, with the Attorney General. The signature on the Joe Grant Cay Development Agreement belongs to His Hon. Governor Wetherell.

Both Hon. Governors, have executed all Cabinet resolutions for  Dellis Cay and Joe Grant Cay throughout their respective terms. I read in the press speculations about the Development Agreements of these projects.  I have taken the decision to immediately publish in public both the former Development Agreement executed for Dellis Cay with Mrs. Zingone Dini before me, and the current Development Agreement for Dellis Cay signed by Hon Governor Tauwhare on July 2005.

I will also publish to public  the Sale & Purchase Agreement signed by His Hon. Governor Tauwhare for Joe Grant Cay  on June 2008, and the Development Agreement signed by His Hon. Gov.  Whetherel for Joe Grant Cay on November 2008.

I am all for transparency.  Therefore,  I invite His Hon. Governor Richi Todd who is currently in office, to disclose all Development Agreements signed by TCI Government for the past 20 years.  At the end of the day, these Development Agreements are negotiated and provided to the Investors for the benefit of both the Investors as well as the TCI people. TCI people have a right to know what is going on in these agreements. Why to keep them secret? Why let people speculate? Publish them and show to the people of Turks and Caicos Islands, who got what?

There is not a single developer who did not make a perfectly legal donation to the political parties in the TCI, but I am picked as a victim with a select few other to pay a deer  price. I hope one day, all developers will disclose their development agreements and their donations to the political parties. Only then, the TCI people will see  the truth.

 

The Responsibility of the his Hon. Governors  

On July 18th 2009,  His Hon. Governor Whetherell published the Commission of Inquiry’s Final Report which provided access to the unredacted text that contained our good companies name, ruining our reputation, and causing the banks to pull funding.  Later on,  His Hon.  Governor brought into force the Order in Council suspending parts of the Turks and Caicos Islands constitution.  The House of Assembly was  dissolved and Members’ seats were vacated. The constitutional right to trial by jury was suspended.  Shortly after in October 2009, a receiver was appointed to our project Dellis Cay by  TTUTC.

Since then, I am exposed to numerous claims, in breach of my  human rights. I am really sorry that two principal players between 2005- 2009  are not in the TCI today. They are the ex Hon. Governors  Tauwhare and Whetherel

It is my strong belief that these Hon Governors  have caused major damage not only to  my companies  but also to the TCI people. They have ruined the properties and lives of many people, by abusing their responsibilities.

Governor Tauwhare and Governor Whetherel represented the principal office ruling TCI, and they must be accountable for both good and  bad things that happened in the TCI.  They have chaired every Cabinet meeting along with the Attorney General. They have executed each and every resolution in the TCI.  If the Courts one day, prove there has been “widespread” corruption at TCI, the Governors must surely be hold accountable as well.

I am very pleased that the elections are now proposed and finally we see the possibility to return to democracy after 3 years of interruption. I believe that TCI people deserve democracy and hope that both PDM and PNP will fulfil their responsibility in this respect.

DR.CEM KINAY

ONE VICTIM OF POLITICS IN TURKS AND CAICOS ISLANDS 

 


UK Loan Funding through Joe Grant Sale.A new unlawful Act of UK Appointed Government

They are a lot of discussions regarding recovery of Joe Grant first through SIPT in Turks and Caicos Islands 6 months ago and now the statement of Governor Todd,that through recovery of Joe Grant they will cover the UK Loan about 200,0 MIO USD???

Nobody  would like  to wait the court decisions.

Is it possible to cover the SIPT costs and fundings through recovery of Joe Grant?Is it true or is it only a story to get the people of TCI calm about the  costs and fundings of SIPT?

Or is it an international Scandal?

This Cay is one of the less known cays, and its story came up to the attention of the TCIlanders because of bribe allegations in Turks and Caicos. Dr Kinay, What is Joe Grant Cay?

Joe Grant’s Cay is a beautiful but remote, uninhabited 712 acres cay located in a remote section of the archipelago between Middle Caicos and Easy Caicos. It is accessible only by sea. The last time I took a boat to visit it, it took me 2 hours from Providenciales to get there. This Cay has no dock, no road, no electricity, no water neither any form of other infrastructure. It is inhabited like East Caicos. The cay is composed mainly of consolidated rock with the ocean frontages consisting of either sand or “iron shore”. The elevation is low and the shallow water depths at some parts of the island for do not allow visitors to access other areas. These difficulties do not discourage us, as at the end, when properly developed, this Cay is a beauty.

We have bought 200 Acres of this island on June 20, 2008 from the Crown through a transfer of title executed by the former Governor., Hon Richard Tauwaree and 5 months later on November 7, 2008, the former Governor, Hon. Whetherell has executed a Development Agreement with us for the development of the whole island.

What was the role of you in this project?

When I first came to Turks and Caicos Islands in 2005, I had already my development company O Property Collection in Austria. This company is where I, and my partner Oguz Serim offer our development advice to projects. O Property Collection has, from the first days of this project, ,is acting as “developer” bringing its expertise, in construction, sales, marketing. The center of any development is people. Community is very important. My company’s vision is to create design driven projects. God has already placed a beautiful design for Dellis Cay and Joe Grant Cay, it is now up to us, with respect, to treat these beauties with the best architecture and standards there is.

What do you want to develop on this island Joe Grant?

We wanted to develop the island with an environmentally friendly small Hotel and then Homes in the natural surroundings. We have retained top environmental engineers from Florida, and we started immediately the process of Environment Impact Assessment. We designed our project with a high-class architect from italy, and have signed a brand and management Indent with a very famous brand. The most important consideration though is that this will be a low density and green development.

When you first heard of Joe Grant Cay? How did you get involved?

I first got interested in Joe Grant Cay In December 2006 when I was informed that negotiations with some developers for a proposed project on Joe Grant’s Cay had run into difficulties and I was asked whether I could be interested to take this development further. The Government already had a price for sale on the Cay, US$5 million according to a formal offer that the former Government had placed before the previous developers in November 2006. My initial views for the Cay was that it was a remote location, no infrastructure and it involved Crown Land, and that meant the need of a Belonger Partner. I was not familiar with this process as my first investment Dellis Cay, is a private transaction and does not involve any Crown Land.

Did you know any of the previous developers?

I understand from the discussions in the past years that there were a number of developers who wanted to take this Cay prior to my involvement in early 2007. I do not know and have never done any business with the gentleman named at the discussions at the Commission of Inquiry,. whether in relation to Joe Grant’s Cay or otherwise.

Who is you local/belonger partner by Joe Grant?

I was already heavily engaged in our Dellis Cay project, and having regard to the Crown land policy (of which I was then aware), I thought it sensible to have a belonger partner in the development. In that respect, a company called Oceanic Development Ltd owned by Don Gardiner became my partner. I respected Don very much whom I already knew socially. As you may recall he was the President of the Turks and Caicos Islands Tourism Board. I understood that Don was involved in the development prospects of Joe Grant Cay with the previous developers so he was very familiar with it. We have executed a Joint Venture Agreement with Don’s company in January 2007, and became partners in a company called Caicos Platinum Ltd, a company that was the recipient of the first formal offer of US$5 million from the Government back in November 2006.

When did you buy Joe Grant Cay?

See, that has never happened. We did not buy Joe Grant Cay. We bought the freehold of the 200 acres of Joe Grant Cay, and the rest (512 acres) is provided to us by a Conditional Purchase Lease through a development Agreement. I am not sure whether you followed it, but this island was first offered at US$5 million to Caicos Platinum Ltd, when that company was owned by previous developers. Then, 200 Acres of it (approximately 30%) was offered to us at $2 million in early June 2008, by the decision of Cabinet, led by His Excellency the Governor Richard Tauwaree. At the specific instance of the Government (and with some reluctance on our part given the risk to which we were thus being exposed in advance of the conclusion of a development agreement), we were asked to close the purchase of the 200 acres hotel parcel on an urgent basis, apparently because of very low cash flow issues at Government level. Having agreed to do so, the Governor again changed its mind, obtained a new valuation by a third-party QS and informed us on June 19th, 2008 that the price of the hotel parcel had been increased to $3.2 million. We paid that price for 200 Acres and bought a portion of Joe Grant Cay on June 20th, 2008 on de day of Groundbreaking ceremonies of Dellis Cay.Governor Hon. Tauwaree came in the afternoon to this ceremonies,was very happy,that Joe Grant deal was finally closed after 1,5 years of negotiations.He congratulated me on the day,the funds of the transaction was in the account of government.

What about the Development Agreement?

You know, it took us almost 2 years from the first discussions, but 5 months after our acquisition of the 200 Acre parcel, in November 2008 to get a Development Agreement. I am not sure whether you re know but The Governor executes all major agreements on behalf of the Government. So, Governor HE Gordon Wetherell, and our CEO, Director, Michel Neutelings have met for the execution of the Development Agreement.

Dr, Is there anything special in the Agreement?

All development agreements in Turks and Caicos Islands, usually have more or less the same provisions. However, we have an additional obligation on our part to pay 15% on the gross amount on the sale of villa lots in the development to the Crown. I am not privy to all development agreements in TCI but I am not personally aware of any other development agreement which contains an obligation of that nature. From the standpoint of the public, it is clear that if my partners and I make a major investment on Joe Grant’s Cay such that the price which a buyer might pay for a villa lot is greatly enhanced, the Government receives a corresponding benefit without any of the business risks undertaken by the developer. Joe Grant Cay was going to be a new source of income for the TCI Government and TCI islanders. This remote and inhabited island was going to be the home for a new hospitality project providing new jobs and opportunities for everyone. I would imagine that most of the ex Middle Caicos residents would returned to their home from their present endeavors in Providenciales. In summary, this project had a very important social aspect. I have on many occasions discussed these aspects with both Honorable Governors Tauwahare and Whetherel.

There were discussions about the valuation? What you have to say on it?

Look, I am a developer, a businessmen. I got interested in this deal as the 712 Acres was available at US$5 million to a number of developers who apparently did not perform. I wanted to buy at this price. At the end, I have negotiated more than 18 months to get 30% of this cay at US$3.2 million. I took a significant risk by paying that price and closing that purchase without having a signed development agreement with TCIG, with no guarantee that we could carry out our development plan or acquire the rest of the Cay. I trusted to Governor Hon.Tauwahare and later on to Governor Hon.Whetherel.

Now coming to the valuations, I understand from the Inquiry that under the leadership of the HE Governor Tauwaree himself, the Cabinet has sought a number of conflicting valuations both from their own valuation department and from a private commercial appraiser on June 2008. They have as the Cabinet, together with HE the Governor, have decided to take the valuation of the commercial appraiser as it reflected the market value.

Now, the question is why did they not picked the high value but the low value?

My answer is that the valuation of the land is obviously a matter for the Crown and for experts in that field. That is why I have hired some of the leading experts in this field to assist me. What they say is simple: the Valuation officer has attempted to value this property by direct comparison to couple at Ambergris Cay, and sale listings from marketing brochures (and not actual transactions) at North Caicos Marina and Middle Caicos. I am told that those comparable do not come near being appropriate for the purposes of valuing Joe Grant Cay.

At Ambergris Cay, for example, lot sizes of between 0.32 – 1.85 acres each are compared to our project of 700 acres. In addition, Ambergris Cay forms part of an established luxury brand, and considerable expenditure has been undertaken on the extensive infrastructure. I do not know if you know but Ambergis Cay has all its utilities underground, electricity and water, It is the only island in this country which has an underground sewer system. Everything is self-generated on the island, water making, the treatment of the sewer system. It has even an uncompleted marina that is not completed but obviously a port facility) including the inclusion of the biggest private runway (6,000 feet) in the Caribbean. Overall Ambergis Cay it is a self-sufficient island that has all of the amenities and can function, unlike North and Middle Caicos which has to have power on the sea cable from Providenciales. North Caicos Yacht Club is also a developed property, so no parallels to undeveloped land neither. We also understand that the value r has used “sales brochure prices” in 2008. The Middle Caicos comparative is based on a sales listing as well, which was withdrawn from the market after 22 months listing period and not sold.

Now, that is what experts say. These will all come out soon. Now if you ask me what I personally think. To me, the real valuation is what I paid. Our company paid US$18 million to Dellis Cay, a 500 acres island, of which 200 Acre is private land. Dellis Cay is only 20 minutes from Leeward Highway, it had PPC Electricity cable in it, for plenty of electricity, and it is next to world-renowned Parrot Cay. I think that we have paid for the 200 Acres at Joe Grant Cay reflects the fair market price at its present state and that is “undeveloped” land at a remote location for commercial use. That is what it is.

Later on, we have asked both local and international professional valuation firms to conduct a fgull analysis and report an official valuation of this island. All these reports have confirmed the value that we have paid to Joe Grant Cay’s 200 acres and the lease agreements that we have entered with the TCI Government. In any case, after the World Economical Crisis starting in November 2008 and onwards land values have significantly eroded all around the world and especially the Caribbean.

But Dr Kinay what is the benefit of this Project to the TCIslanders? What do they get?

Look,the government did not simply sell a piece of land, they entered into a development agreement for the development of that land. If I can not develop it on time, and spend the money that the Government wants me to spend on it, than they will get back. It is in the Agreement. It is ours as long as we spend money on it. You know how much? My Development Agreement says I need to spend US$120 million on this cay in a fixed period of time. We estimated that the construction will take 2 years and create at least 150 new local jobs. Once the island is fully operational it will require at least 70 locals to manage it. As I have already mentioned, in addition to the purchase price of the land of the hotel site, we will pay 15% of our Villa sales on the 300 Acre Villa Lots and this goes straight to the Government’s budget. Not to mention, the usual development agreement obligations such as the Annual Scholarship payments, duties, work permit fees, the rents paid under the leases, stamp duty benefits accruing to TCIG arising out of sales in the development and the boost to the tourism economy of TCI.

Dr Kinay, you lost a court case concerning Joe Grant Cay June 2011? What will happen now?

I received the Turks and Caicos Islands Court’s judgment in June 2011 concerning Joe Grant Cay. I also received TCIG’s Press Release from July 2011. The judgement is grossly unfair and Joe Grant Cay development companies are currently appealing it. I could not afford lawyers as Turks and Caicos Islands Courts have frozen all my worldwide assets not allowing me to spend any funds towards my right to defend myself and my companies. Looking at the Judgment, in essence, His Hon. Justice G W Martin has concluded in connection with the political donation of $500,000 made by Dellis Cay’s parent company Turks Development LP (the Court states the donation was from ‘Dr Kinay’) to Michael Misick on 9 January 2007, the Judge found (paragraph 33) “there to be a very strong probability that the money was paid as a bribe in order to ensure that the Defendant companies obtained the benefit of the proposed development” disregarding the facts that the Defendant companies did not even exist at that time, and that the donation was made by Turks Development LP, a company developing Dellis Cay, not related in any way to Joe Grant Cay . His Hon Judge further observed (paragraph 41): “I emphasise that this judgment should not be treated as a conclusive finding that any individual has acted corruptly. Nobody should be declared corrupt if he has not had the opportunity to defend himself at trial, and that has not happened in this case.’ These statements did not make the Judgment just and fair, the basic principle of law.

On the matter of Joe Grant Cay’s valuation, His Hon Justice completely ignored the Government’s valuation report obtained from BCQS, an independent commercial appraiser who valued 200 acres of Joe Grant Cay, at USD 3.2 million for commercial use, exactly the amount of money asked by the Government in June 2008, which the development companies have paid in full. His Hon Judge ruled (Para 36, The Judgement) ‘When instructing BCQS to give an alternative valuation, McAllister Hanchell did not tell them of the proposed development, so that their valuation made no allowance for the intended use of the land.’. The Learned Chief Justice has failed to recognize that BCQS valuation report specifically stated on Page 7 Item 3.5 ‘It is assumed that planning permission is available for the subdivision of the land for residential plots or for a commercial use.’ By ignoring BCQS’s clear statement specifying that Joe Grant Cay valuation report is prepared for “commercial use”, The Hon. Chief Justice presented an unbalanced approach for the benefit of the Plaintiff. The Court’s omission of BCQS’s written representations in their valuation report is not something that I can live with and we will be pursuing the reasons for this material error.

First, the Commission of Inquiry’s publication of unredacted Final Report despite the TCI Supreme Court’s Order not to publish the unredacted Final Report cost Dellis Cay its business and caused the funders to pull their finances, now Joe Grant Cay Development companies are striped of their rightfully obtained assets.

It is clear to me that there is a set political agenda which is geared to restructure the political landscape at the Turks and Caicos Islands and we are chosen as the main victims.

I repeat categorically that I reject all accusations, and state that we are innocent

For those who doubt that the Development of Joe Grant Cay is not innocent, I have only one question:

Had the alleged privileges, favors or better conditions been present in the acquisition of 200 acres of this island, or in the Development Agreement, why both Hon. Governor Tauwhare, and the present Hon. Governor Whetherell would have executed these on behalf of the Crown?

Both Hon Governors are experienced public officials, with history of making land transactions, and executing Development Agreements on behalf of the Crown. Why did they approve these transactions if the preferential treatment was all over the documents that they have signed?

All these contracts, and 200 acres land sale were approved by the Attorney General, TCI Invest, Ministers, the Premier, and executed by 2 Hon. Governors. The Government and both Hon. Governors had 2 years to conduct due diligence. Do you really believe that they were all ‘deceived’? and did not know what they were selling? That is the real question the Turks and Caicos Public must ask.

I have faith in the law, and I will look for justice until I find it.

What are your long-term goals in Turks and Caicos Islands?

Now a new Governor is appointed as you know.His Excellency Hon.Todd is a very positive person and has a new approach for TCI.I will explain him following:

I did not come to Turks and Caicos Islands, to do few projects and go back to anywhere. I will stay and work here for many years. When Dellis Cay and Joe Grant Cay will one time open, my children, together with the young generation of Turks and Caicos Islands, will be proud of having these developments, in remote locations and will have fun.TCI er will be proud about it too.

It is also not right,to tell TCI Islander,the government recovered Joe Grant.It is not true.We have still our appeal open and when we will again lose because of the pressure of Attorney General,SIPT,TCI Government etc,we will go to the international courts for this injustice.

God bless TCI.

Carlos Simons says He will Fire Helen Garlick

 

Queen’s Counsel Carlos Simons says if he becomes leader of the Progressive National Party (PNP) and Premier of the Turks and Caicos Islands, he will fire Special Prosecutor Helen Garlick and her Special Investigations and Prosecutions Team (SIPT). 
Speaking on Robert Hall’s Expressions call-in programme on Radio Turks and Caicos on Monday April 23rd, Simons said the SIPT was nothing more than a “gravy train” and that they should really be called the “Garlick Time and Money Team”. 
The prominent lawyer, who is running for leadership of the PNP at its upcoming convention, said: “Here we have a situation in which the British Government is forcing us to pay millions of dollars to Helen Garlick and their other lawyers to investigate so called crimes that were committed on their watch and to recover land, every acre of which was doled out over the signature of their Governor (Richard Tauwhare). At the same time as we are paying these millions of dollars to Helen Garlick and other British Government lawyers, public servants and others are being laid off and the people of Grand Turk have to line up at the public tank with buckets for water.Now just ask yourself, what is wrong with that picture? And the answer is everything.”
 Simons said that on the one hand the British are “terrorizing and traumatizing” the people of the Turks and Caicos Islands with their own money and on the other hand they are “driving the rest of us into poverty”. 
He added: “It is morally wrong. The only reason it is not legally wrong is because the British have made the laws. They call it the SIPT. But it’s really nothing more than a gravy train. Its name ought to be the GTMT- The Garlic Time and Money Team. But I promise you this- the day I take office is the day Helen Garlick gets laid off. That gravy train they’re riding will not just be stopped; it will be brought to a screeching halt. I will not spend on dime, no not one dime of TCI taxpayers’ money on Helen Garlic. The events they are investigating took place under the watchful eye of their Governor, the investigation was recommended by their Commissioner, it is being conducted by their lawyers, applying laws that they themselves have recently made. But it’s all being paid for with our money. That is not justice and I will see justice done or I will die in the process. So the day I take office, I will be saying to the British Government is relation to Helen Garlic, not in my name and not on my dime. You hired her, you pay her. Otherwise she can pack her bags and go home. I just don’t roll like that.”
Simons also called on Governor Ric Todd to withdraw the international arrest warrant against former Premier of the Turks and Caicos Islands Michael Misick. 
“Imagine issuing an international police warrant with our money as though they’re hunting some kind of genocidal maniac and as though they had nothing to do with the circumstances. It is an affront to this country as a whole. I call upon the Governor to rescind that warrant today. If he does not I will the day I take office,” Simons added.
Meantime, Simons said in a separate press release that he was “outraged” by the recent statement from the owner of Beaches TCI to the Jamaica Observer revealing plans to increase his Jamaican staff in the TCI by 150 workers. 
“I am similarly outraged that the Interim Government of Governor Todd could countenance such an arrangement. The quote attributed to Mr. Stewart in the Observer to the effect that he is happiest when he is in a position to provide jobs for Jamaicans who deserve to have employment so that they can take care of themselves and their family”, is at best insensitive and at worst offensive because the jobs he is referring to are being provided in the TCI at the expense of TCI workers, who equally need jobs to feed their families and who have a greater entitlement to those jobs,” Simons said. 
He said it is clear that the Interim Administration which ought to be protecting the TCI workforce has abandoned its responsibility to do so. 
“How else can you explain laying off hundreds of public servants but at the same time allowing a private sector employer to import hundreds of foreign workers without first offering those opportunities to the laid off public servants and other unemployed TCI workers? I call upon the Governor to release immediately the details of this scandalous arrangement so the public can see what his government is up to and to forthwith reverse the decision to allow this to happen,” the Queen’s Counsel added.

published in SUN,Turks and Caicos Islands ,25th of April 2012

DEMOCRACY IS IN DANGER IN TURKS AND CAICOS ISLANDS AND I AM A VICTIM

Democracy is in danger in Turks and Caicos Islands and I am a victim of this.

In July 2008 The Governor of Turks and Caicos – representing the UK Government – appointed a Commission to conduct an Inquiry into “possible corruption or other dishonesty” in Government. Hearings were held – presided over by His Lordship, Mr. Justice Sir Robin Auld – in January of 2009, concluding in February of the same year. In August 2009, His Excellency, then the Governor of the Turks and Caicos islands, Gordon Wetherell brought into force an Order in Council suspending portions of the Turks and Caicos Islands Constitution. Under this move Ministerial Government, and the House of Assembly – which is the only means of representing the people – was dissolved and all representative seats were vacated, with the promise of elections in 24 months. Amongst the astounding changes was that the basic right in the European Declaration of Human Rights to a Trial by Jury was also suspended, and confirmed recently by law. The sole political power in the Turks and Caicos Islands is now the Governor, appointed by the British government. He has appointed an Advisory Council and a Consultative Forum. However, as the appointment documents make clear, the Governor has no obligation to follow or regard their recommendations. This undemocratic move, which is totally inconsistent with Article I of the United Nation’s Charter on the Right to Self-Determination, is still the case in Turks and Caicos, and still, now nearly 2 and a half years later.

And still there is no date for elections.

My involvement in the Turks and Caicos dates from early 2005. In June of that year we purchased a private island called Dellis Cay, to develop a USD$1 billion project with the Mandarin Oriental Hotel and villas with world famous architects – including Zaha Hadid, David Chipperfield, Kengo Kuma, Shigeru Ban, Piero Lissoni and Carl Ettenspenger. The development proceeded in an unremarkable fashion, with usual succession of planning permits, from the start construction date of June 2008 to October 2009. A mixture of funds from my own resources, sales of residential units and loans from the Trinidad & Tobago Unit Trust Corporation funded the development.

In June of 2008, we bought a second island, Joe Grant Cay, from the Crown (The government of Turks and Caicos), presented the deal structure to the British Governor of Turks and Caicos – who was then His Excellency Richard Tauwhare – with the development agreement signed in November of 2008 by the new Governor, His Excellency Gordon Wetherell, with the objective of developing a resort with Bulgari Hotel and Villas.

In January 2009, in the course of hearings by the Commission of Inquiry, the Premier of Turks and Caicos disclosed political contributions by several businessperson and companies toward his party’s elections, two years before, in 2007. He disclosed a political contribution made by our company as well; which is normal all over the world, including in Britain.

Neither the Inquiry, nor the Judge, nor the Governor made any request of me, or my representatives to provide answers about these contributions. Yet, our actions were remarked upon adversely in the Commission’s report.

In June 2009, we asked the High Court of Turks and Caicos Islands to undertake a Judicial Review of the Final Report of the Commission of Inquiry, with the result that the Supreme Court called for the removal of any and all adverse references to my or our companies. In his ruling the Chief Justice agreed with us, that there was a “Clear and almost total failure by the Commission to follow its own procedures”. His Lordship stated further that I had not been given a fair hearing, and said that if any adverse statements were included in the Final Report, they should not be published.

It must be understood that even though this court is in Turks and Caicos, it is an English court, applying English law and procedures. Yet, four (4) weeks later, in July of 2009, the Final Report was published, with text unredacted, so that the adverse statements made about me and my companies, which were judged to have been unfair and unlawful, were made public; even after the Chief Justice ruled they should not be published.

Despite my attempts to cooperate and assist the lending bank for our projects to understand the issues relating to the Commission of Inquiry and their unlawful published reports, it was no longer possible to avoid the entrance into Receivership of the Dellis Cay project in favour of the Trinidad and Tobago Unit Trust Corporation in October 2009.

This failure of the Commission to follow the law has therefore done me harm because I provided personal guarantee to the Trinidad and Tobago Unit Trust Corporation.

Since that time – January 2010 – the bank has obtained a worldwide freezing order against me. The Attorney General of Turks and Caicos issued a Writ and Statement of Claim regarding Joe Grant Cay in July 2010.

I have appealed both actions.

After three (3) years, in October 2011, I was finally able to explain my side of the allegations of bribery for the political contributions above. In the meantime, my assets in Dellis Cay and the assets of buyers in that development have been destroyed; even though I have never bribed anyone in Turks and Caicos, or anywhere else.

I have been made a victim of the politics of Turks and Caicos. In English law, the saying is that “justice must not only be done, but it must be…seen to be done”. I speak now to warn that this is not the case in Turks and Caicos and to say that human rights, and property rights, democracy and justice are under threat in Turks and Caicos

COMMENTS about Dellis Cay New York Case WIN.THANK YOU!

THANKS A LOT FOR  THE COMMENTS AND CONGRATULATIONS.THANK YOU.


herzlichen GLUECKWUNSCH!!!

 never ever give up!

cool

sehr gut!!!

glückwunsch,

lieber cemGratuliere Cem!

Cemcim das war selbstverständlich.
Herzlicher Glückwunsch.neid ist eines der dunkelsten laster des menschen und ich bin mir sicher das du viele neider hast daher freut es mich besonders das es keinen prozess gibt und du wieder durchatmen kannst 
freut mich für dich lieber cem! 
Feinfein! 🙂
gott sei dank! herzlichen glückwunsch
Congratulation!
auch ich möchte mich anschließen und gratulieren! 
Gratuliere !
kardeşim gözün aydın
tebrikler cem agabey gözün aydin ben seni tanidigim icin sahiden bunu umuyordum simdi dahada devam!
Gozunuz aydin…
 wir drücken die daumen…
Bir göz aydini da benden. Tebrikler
Das wirst Du sowieso schaffen. Das ist %100 klar.
Sie werden das schaffen, davon bin ich überzeugt Cem Bey. Ich drücke Ihnen ganz fest Daumen
 abicigim cok sevindim ! insallah her sey yoluna girecek , tek sen kendini üzme !!! senin gibi iyi kalpli insanlara ihtiyacimiz var !öptüm
That’s it ! finally a fair judge who saw the real picture rather than opinionated statements by certain groups! i hope that the outcome of this law suit will influence the remaining cases !
 tebrikler…umarım ”EMSAL ” olarak ele alınır ?!..
Cem bey kutlarım gözünüz aydın, gerçekten çok sevindik…sevgiler
 gelmis gecmis olsun 🙂
Adalet bu işte herkese adalet
 May the Force be with you
Dr.Kınay tüm olumsuzlardan sonra hak ettiğin emeğinin karşılığını görmeni içten diliyorum:)
kalbimiz seninle cem abi 🙂
herzaman yanında desteğe hazırız cem abi
 her zaman yanındayım abım :
 Hukuk ve adalet gerekeni yaptı haklıya hakları geri verildi. Tebrikler Cem Bey
Congratulations!

Dear DR Kinay 

Gratulation !

it works :   STEP by STEP ! 

Cok sevindim. Hayirlisi olsun.

Selam ve Sevgilerimle,

Lieber Cem
Ich verfolge staendig die Situation.Habe mich sehr gefreut ueber diesen Sieg,den du brauchst fuer deinen Weiterkampf.
Pass gut auf dich auf
Gott schuetze dich
Alles Liebe

Cem aga iyi haber bu… Gozun aydin .. Cok sevindim… Pozitif dusunelim devamida pozitif olsun.. Cok optum .. Sevgilerle .

 nicely done! Hoping for good fortune in TCI as well.

 Cem bey, 


Inanin cok sevindim. Hayirlisi olsun. Bu olumlu gelismelerin devami da en kisa zamanda gelir ve gelecektir insallah.

Dear  Dr. Kinay

Congratulations for the achievement. After all there is justice in few places in our tough world.
I believe that with your keen persistence you shall succeed to bring Dellis Cay project  to a glorious completion.
Yours truly

Dear Dr. Kiney,


That is the way to hang in there. Congradulations and let us hope the best for the project.

congratulations!!!!!

I am very happy for you….

Cem,
kardesim; önemli bir adim…Umarim ve gönülden arzularim ki sen de Oguz’da bu 


isi kazanin ve projenizi tamamlayin.
Gözlerinden öperim.
 


 
Cem. Kolay gelsin insallah. Hersey yoluna girer ..

Cem Bey;

Cok sevindim, hayirlisi olsun, dilerim bu karar her seyin yoluna girmesi icin baslangic olur.

Sevgi ve Saygilarimla

Thanks Cem, hopefully this will give the new investors a little breathing room.

Dr in my honest and humble opinion and based on my 30 year experience in dealing with the upper echelon of business Entrepreneurs’  and professionals, in the highest of the Automobile  Sales industry. Dr Cem Kinay is and will always be one of most proper and honest clients I have had the privilege to meet, interact and do business with. I wish you much success .

Abi gordum,cok sevindim, kolay gelsin.

Sevgiler

Dear Cem!
Finally, some good news!  We congratulate you.
 

EXCELLENT, CONGRATULATIONS!!! They put you and your family through the ringer. You have and will survive and succeed. I love you guys and soon we will have turned the corner with peace of mind, happiness and bliss. There is an old saying that applies, “Let the work I have done, speak for me. ”
Much love and many blessings,
 

Abi,

Allah hayirlisi ile bir an evvel geri kalan yanlisliklarin duzelip senin, Oguzun ve tum ailenin hakkettigi emek ve basariyi almasini eminim tum sevenleriniz gibi bende yurekten diliyorum.

Sevgiler,selamlar!..

Dear Cem

Very, very happy for you!!