ACI Real Estate chief Robin Lohmann has vowed there is “no chance I will do a hit and run,” following allegations over investors’ cash.

The German developer, in an interview with Arabian Business published on Sunday, added: “You know why? Because I haven’t even collected the money I have invested and spent here. I’m not going ahead and losing AED500m ($136.1m), it’s not the way.”

Managing director Lohmann has faced a storm of criticism in recent weeks over delays to his sports branded towers, and also payments that were due to investors in March.

EXCLUSIVE: 'No chance I will do a hit and run' – ACI boss - Real Estate - ArabianBusiness.com