"A thorough case assessment into the factual findings of the allegation and the above mentioned complaint, as shown by all relevant supporting documents, it became evident that the property in question was purchased by and is owned by Midlife Investments Limited and not by Mr Sayed-Khaiyum. It was obtained by Midlife Investments being a legal person via a mortgage valued at $80,000 and an equitable contribution of $20,000 by Hon Mr Sayed-Khaiyum.
"Therefore it is apparent that Hon Mr Sayed-Khaiyum has not understated the value of the asset in his declaration dated 24th February 2015 in which he had a conditional equitable interest value, which is in fact lesser than the amount declared. In fact the asset he owns as far as Midlife Investments is concerned are the 99 shares in it."