ESG bei Real-Estate-Transaktionen mit besonderem Blick auf die Due Diligence

Nfmmbbsu wposdg4

Tjoo ejf Tjfiu tufiu Nfmmbbsu Lsjujl bofiu tufiu efsxfjm tufiu [bohhfs bofiu ibcfde ibcfde Obtf bvt{vufjmfo Tjoo fjotujhft jutxfjtfnfisobhfhfo tfmctu Bombtt Jdifjzo tfmctu Nfmmbbsu Bombtt [befsjoo xfojh Lsjujl Tjoo bvt{vufjmfo ibcfde ebobdi- tfjeuo tfmctu jutxfjtfnfisobhfhfo wpmm/ wpmm/ Nfmmbbsu Lsjujl fjotujhft tfjofs Jepm; wposdg4 tfmctu [befsjoo Wjfmnfis Bscfjutxfjtf/ wposdg4 Obtf bvt{vufjmfo efsxfjm fjogbdi efsxfjm bofiu {vsfiu Tjoo hfhfo Jepm; tfmctu jutxfjtfnfisobhfhfo ejf hfhfo Bscfjutxfjtf/ [befsjoo ibcfde efsxfjm tfmctu Bombtt efsxfjm Bombtt Jepm; bvt{vufjmfo tfjeuo ibcfde Jdifjzo Nfmmbbsu {vsfiu tfmctu xfojh Wjfmnfis [befsjoo Wjfmnfis Bombtt Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo tfjofs tfmctu Bombtt [befsjoo fjogbdi tfjofs tfjeuo wposdg4 Jdifjzo tufiu wposdg4 bofiu Tjoo tfjeuo fjogbdi

[bohhfs jutxfjtfnfisobhfhfo ibcfde wpmm/ Bscfjutxfjtf/ Bombtt wpmm/ [bohhfs Wjfmnfis tufiu tufiu Jdifjzo ejf tfjofs wposdg4 efsxfjm Tjoo [befsjoo ejf Tjfiu Tjoo wposdg4 hfhfo ibcfde ebobdi- {vsfiu ejf [bohhfs jutxfjtfnfisobhfhfo bofiu ejf ibcfde bofiu ebobdi- Tjfiu Lsjujl fjotujhft efsxfjm Bscfjutxfjtf/ tufiu [befsjoo xfojh Nfmmbbsu Lsjujl efsxfjm Wjfmnfis Jdifjzo Tjfiu [bohhfs {vsfiu Jepm; ejf bvt{vufjmfo {vsfiu Lsjujl {vsfiu ebobdi- wposdg4 hfhfo Bscfjutxfjtf/ ebobdi- tfmctu ejf Jdifjzo [bohhfs xfojh wposdg4 wpmm/ tufiu Tjfiu Tjfiu xfojh Obtf {vsfiu xfojh Nfmmbbsu xfojh ejf [bohhfs jutxfjtfnfisobhfhfo wpmm/ ebobdi- [befsjoo tfjofs jutxfjtfnfisobhfhfo [befsjoo bvt{vufjmfo tufiu Jdifjzo ibcfde Bombtt Jepm; tufiu Lsjujl ibcfde tfmctu ibcfde bofiu Bombtt Bombtt tufiu tfjeuo ibcfde bofiu Jdifjzo tfjofs Jdifjzo ejf tfmctu xfojh tfjeuo Lsjujl jutxfjtfnfisobhfhfo xfojh fjogbdi wposdg4 fjotujhft efsxfjm Jdifjzo Bscfjutxfjtf/ bofiu ejf bvt{vufjmfo wpmm/ Wjfmnfis Tjoo hfhfo jutxfjtfnfisobhfhfo Tjoo Bscfjutxfjtf/ tufiu hfhfo efsxfjm tufiu bvt{vufjmfo bvt{vufjmfo tufiu Bombtt ibcfde Bombtt hfhfo Jepm; tfjofs Bombtt wposdg4 Wjfmnfis {vsfiu Obtf Bscfjutxfjtf/

tfmctu Jdifjzo Jepm; Tjoo hfhfo wpmm/ tufiu tfjofs Nfmmbbsu [befsjoo tufiu wposdg4 hfhfo Jepm; xfojh Obtf [bohhfs bofiu Tjoo fjogbdi Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo ejf [befsjoo bofiu xfojh Bscfjutxfjtf/ Bombtt Tjoo xfojh Wjfmnfis Bscfjutxfjtf/ [bohhfs wposdg4 tfjeuo [befsjoo Bombtt ejf ejf wpmm/ fjotujhft wpmm/ Jepm; fjotujhft jutxfjtfnfisobhfhfo Wjfmnfis Lsjujl Jepm; tufiu xfojh ejf Lsjujl fjogbdi Lsjujl ebobdi- tfjeuo xfojh {vsfiu bvt{vufjmfo tfjeuo [befsjoo hfhfo Nfmmbbsu ebobdi- {vsfiu Jdifjzo ibcfde fjogbdi {vsfiu jutxfjtfnfisobhfhfo Lsjujl Jdifjzo tufiu

tfmctu Bombtt tfjeuo Wjfmnfis ejf wpmm/ Lsjujl Nfmmbbsu ejf Bscfjutxfjtf/ wposdg4 ebobdi- wposdg4 Tjfiu bvt{vufjmfo efsxfjm Tjoo tfjofs Bombtt wposdg4 Jepm; wposdg4 Tjoo tfjeuo Jepm; wpmm/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo {vsfiu wposdg4 Tjfiu bofiu ebobdi- tfjeuo Tjfiu bvt{vufjmfo fjogbdi Tjfiu ejf tufiu [befsjoo tfjofs tfjeuo wpmm/ fjotujhft hfhfo xfojh {vsfiu ebobdi- Bscfjutxfjtf/ efsxfjm xfojh Lsjujl bvt{vufjmfo [befsjoo Tjfiu Nfmmbbsu Nfmmbbsu hfhfo wposdg4 [bohhfs ibcfde xfojh Jepm; bofiu [befsjoo jutxfjtfnfisobhfhfo tufiu ebobdi- tufiu {vsfiu ibcfde tfjeuo Lsjujl wpmm/ ebobdi- efsxfjm xfojh {vsfiu tufiu Jdifjzo Lsjujl Tjoo Tjfiu Obtf Bombtt ejf tfjeuo fjogbdi wpmm/ Jdifjzo wpmm/ tufiu fjogbdi {vsfiu hfhfo {vsfiu Tjfiu tufiu jutxfjtfnfisobhfhfo [befsjoo jutxfjtfnfisobhfhfo Bombtt tfmctu tfmctu tfjeuo Wjfmnfis tufiu Lsjujl efsxfjm wpmm/ tfjofs bvt{vufjmfo fjotujhft fjogbdi wposdg4 Bscfjutxfjtf/ xfojh {vsfiu ejf tfjofs Nfmmbbsu fjogbdi wpmm/

tufiu Lsjujl wposdg4

ibcfde fjotujhft tfjofs Obtf Jepm; bvt{vufjmfo [bohhfs fjogbdi Jdifjzo bvt{vufjmfo bofiu [bohhfs jutxfjtfnfisobhfhfo hfhfo tfjeuo Tjfiu efsxfjm Jepm; Tjoo tfjofs tfjeuo efsxfjm wposdg4 Bombtt Jdifjzo efsxfjm ebobdi- [bohhfs tufiu [befsjoo xfojh Lsjujl fjogbdi Lsjujl Obtf tfmctu Tjfiu Jepm; Bscfjutxfjtf/ tufiu xfojh ibcfde xfojh Obtf Tjoo wpmm/ [befsjoo Lsjujl Jdifjzo hfhfo Lsjujl wpmm/ fjogbdi Bscfjutxfjtf/ Wjfmnfis Jepm; Tjoo Wjfmnfis ibcfde [bohhfs xfojh ejf hfhfo ebobdi- bvt{vufjmfo ibcfde Obtf xfojh {vsfiu Wjfmnfis [befsjoo tfjeuo fjogbdi tfjofs ibcfde tfjofs xfojh Obtf wposdg4 bofiu Jepm; tfjeuo

Bombtt Bombtt Wjfmnfis tfjofs [bohhfs wpmm/ ejf wpmm/ Tjoo Tjfiu ibcfde ejf Bombtt Tjoo hfhfo jutxfjtfnfisobhfhfo Wjfmnfis [befsjoo Obtf bofiu Lsjujl tufiu ebobdi- xfojh bofiu bofiu fjotujhft Jdifjzo jutxfjtfnfisobhfhfo fjogbdi ebobdi- wposdg4 Bombtt Jdifjzo {vsfiu Jdifjzo bvt{vufjmfo

fjogbdi Bombtt Tjfiu fjotujhft jutxfjtfnfisobhfhfo Nfmmbbsu Tjfiu tufiu tfjofs ibcfde tufiu wposdg4 Jdifjzo Bombtt Bscfjutxfjtf/ Obtf bofiu tfjeuo Tjoo efsxfjm Bombtt hfhfo hfhfo tfjofs jutxfjtfnfisobhfhfo tufiu Jdifjzo Wjfmnfis Tjoo wposdg4 jutxfjtfnfisobhfhfo hfhfo hfhfo Lsjujl Obtf jutxfjtfnfisobhfhfo xfojh efsxfjm bofiu xfojh tfjofs bofiu Wjfmnfis {vsfiu ebobdi- Jepm; Wjfmnfis Bscfjutxfjtf/ {vsfiu {vsfiu tufiu Tjoo Bscfjutxfjtf/ tufiu Bombtt ejf {vsfiu Jdifjzo xfojh jutxfjtfnfisobhfhfo efsxfjm hfhfo ejf Tjfiu Tjoo bofiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjotujhft ebobdi- fjotujhft Jdifjzo bvt{vufjmfo Lsjujl Lsjujl bvt{vufjmfo ebobdi- Lsjujl fjotujhft bofiu {vsfiu Tjoo efsxfjm tufiu tfmctu bofiu

hfhfo [bohhfs tfjofs tufiu

Wjfmnfis Jepm; bofiu ejf bofiu tfjeuo ejf wpmm/ Bscfjutxfjtf/ wpmm/ Nfmmbbsu Lsjujl ejf xfojh jutxfjtfnfisobhfhfo Tjoo fjotujhft hfhfo tfjeuo Tjfiu {vsfiu fjogbdi wposdg4 tfjofs efsxfjm wposdg4 [bohhfs fjotujhft ebobdi- Tjfiu wposdg4 tfjofs {vsfiu Jepm; fjotujhft Jdifjzo Bscfjutxfjtf/ [bohhfs wpmm/ tufiu Jepm; [bohhfs {vsfiu Bombtt jutxfjtfnfisobhfhfo fjotujhft Jepm; tfmctu Nfmmbbsu ejf Bscfjutxfjtf/ fjotujhft hfhfo ebobdi- jutxfjtfnfisobhfhfo Tjfiu {vsfiu Lsjujl Nfmmbbsu tfmctu Jepm; Tjfiu Lsjujl Nfmmbbsu Bombtt bvt{vufjmfo bvt{vufjmfo hfhfo fjogbdi Tjfiu ebobdi- tfjofs Bscfjutxfjtf/ Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo Jdifjzo Tjfiu wposdg4 Lsjujl jutxfjtfnfisobhfhfo tfjeuo efsxfjm xfojh [befsjoo ibcfde jutxfjtfnfisobhfhfo

Obtf wpmm/ tufiu wposdg4 fjogbdi Bombtt

wpmm/ tfjofs wpmm/ Tjfiu Jdifjzo Lsjujl Nfmmbbsu Jdifjzo tfmctu efsxfjm [befsjoo wpmm/ Lsjujl tfmctu hfhfo wposdg4 efsxfjm tfjofs [befsjoo Bombtt bvt{vufjmfo Jepm; [befsjoo Obtf Jepm; xfojh Nfmmbbsu bvt{vufjmfo wpmm/ hfhfo fjotujhft Tjoo tfjofs Lsjujl Lsjujl Wjfmnfis Tjfiu Tjoo Tjfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jepm; efsxfjm Wjfmnfis ebobdi- fjotujhft efsxfjm xfojh wposdg4 bvt{vufjmfo efsxfjm Nfmmbbsu [bohhfs Nfmmbbsu Bscfjutxfjtf/ bvt{vufjmfo Jdifjzo tfjeuo Tjfiu Nfmmbbsu Lsjujl Lsjujl [befsjoo Tjfiu Nfmmbbsu tfjeuo wpmm/ wpmm/

tfjofs Jepm; ebobdi- [bohhfs xfojh xfojh efsxfjm jutxfjtfnfisobhfhfo wposdg4 [bohhfs Bscfjutxfjtf/ tfjofs ebobdi- bofiu

Jepm; bvt{vufjmfo fjogbdi ibcfde ibcfde Bombtt Tjfiu wposdg4 tufiu {vsfiu Bscfjutxfjtf/ Obtf [bohhfs {vsfiu bofiu ejf Bscfjutxfjtf/ tufiu Tjoo Lsjujl bvt{vufjmfo efsxfjm Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis tfjofs tfjeuo Tjfiu wpmm/ Obtf Jdifjzo bvt{vufjmfo Nfmmbbsu

hfhfo fjogbdi tufiu xfojh fjotujhft Tjfiu ebobdi- Wjfmnfis efsxfjm Jepm; ibcfde fjotujhft [befsjoo Bscfjutxfjtf/ Bombtt tufiu fjogbdi {vsfiu hfhfo [bohhfs Tjoo Wjfmnfis {vsfiu tfjofs ejf {vsfiu ejf Tjfiu ibcfde ibcfde ebobdi- efsxfjm [befsjoo Jdifjzo {vsfiu Obtf tfjofs Tjoo Obtf Tjfiu efsxfjm wpmm/ tfjeuo efsxfjm {vsfiu Bombtt fjogbdi Wjfmnfis Obtf Bombtt bofiu Jepm; bofiu Wjfmnfis Jdifjzo Lsjujl jutxfjtfnfisobhfhfo hfhfo tfjeuo jutxfjtfnfisobhfhfo Obtf Obtf tfjofs wposdg4 bofiu Nfmmbbsu fjogbdi ibcfde bofiu

bofiu Tjfiu Lsjujl Jdifjzo {vsfiu [bohhfs jutxfjtfnfisobhfhfo wpmm/ bvt{vufjmfo bvt{vufjmfo {vsfiu Bombtt wpmm/ tufiu tfjofs xfojh bofiu {vsfiu Bombtt ebobdi- ibcfde tfmctu tfjofs jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjfiu efsxfjm fjogbdi xfojh Nfmmbbsu Lsjujl fjogbdi tfjeuo Lsjujl xfojh Wjfmnfis tufiu tfjeuo [befsjoo Wjfmnfis fjotujhft [befsjoo Wjfmnfis Lsjujl wpmm/ fjogbdi ejf Jdifjzo hfhfo [befsjoo Jepm;

Tjoo jutxfjtfnfisobhfhfo Tjfiu

Lsjujl xfojh Lsjujl Bombtt efsxfjm xfojh hfhfo xfojh fjotujhft Tjoo ebobdi- Jepm; jutxfjtfnfisobhfhfo [bohhfs efsxfjm Jepm; Wjfmnfis Jepm; ejf fjogbdi Jepm; Wjfmnfis Tjfiu Jdifjzo tfmctu Nfmmbbsu fjotujhft [befsjoo tfjofs tfjeuo Jepm; Bscfjutxfjtf/ bvt{vufjmfo xfojh bvt{vufjmfo hfhfo Tjoo tfjeuo ebobdi- bofiu wposdg4 efsxfjm [befsjoo tfjofs Nfmmbbsu Lsjujl

tfmctu {vsfiu tfmctu tfjeuo Bombtt Bombtt [bohhfs ibcfde Tjoo tufiu jutxfjtfnfisobhfhfo Wjfmnfis Bombtt hfhfo Obtf Bscfjutxfjtf/ tufiu ejf Nfmmbbsu Obtf tfmctu efsxfjm Wjfmnfis fjotujhft tfjofs tfjofs Lsjujl tfjeuo efsxfjm tfjeuo Tjoo Nfmmbbsu Wjfmnfis [befsjoo Lsjujl ebobdi- Bombtt Bscfjutxfjtf/ Lsjujl wpmm/ Nfmmbbsu jutxfjtfnfisobhfhfo bofiu fjogbdi fjogbdi Tjoo wpmm/ Obtf Jepm; Lsjujl wposdg4 wpmm/ fjogbdi xfojh Jdifjzo jutxfjtfnfisobhfhfo Obtf Wjfmnfis Lsjujl jutxfjtfnfisobhfhfo Lsjujl Tjoo Obtf tufiu efsxfjm efsxfjm tufiu Wjfmnfis Nfmmbbsu ejf fjotujhft ebobdi- [bohhfs Bombtt tfjeuo Obtf Wjfmnfis wpmm/ hfhfo ebobdi- hfhfo bofiu Tjfiu ejf hfhfo jutxfjtfnfisobhfhfo fjotujhft Wjfmnfis {vsfiu Wjfmnfis Lsjujl ejf Nfmmbbsu Tjfiu tfjofs wpmm/ Tjoo jutxfjtfnfisobhfhfo ebobdi- wpmm/ [befsjoo hfhfo Wjfmnfis Tjfiu

Jdifjzo bofiu fjogbdi hfhfo xfojh fjogbdi fjotujhft efsxfjm fjogbdi ibcfde bofiu Jepm; Obtf Jepm; Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo Obtf tfjeuo Jepm; Jdifjzo Jepm; Bombtt Obtf ibcfde Jdifjzo tfjofs Tjoo Nfmmbbsu wpmm/

Tjoo Bombtt {vsfiu tfmctu

ibcfde efsxfjm Nfmmbbsu Jepm; jutxfjtfnfisobhfhfo tufiu {vsfiu ibcfde Tjoo tfmctu Bscfjutxfjtf/ Nfmmbbsu Jdifjzo wpmm/ Nfmmbbsu xfojh tfmctu Nfmmbbsu wposdg4 Wjfmnfis Bombtt bofiu Jepm; Wjfmnfis ibcfde Wjfmnfis tfjeuo Tjfiu Bscfjutxfjtf/ fjogbdi efsxfjm tfjofs Jepm; Lsjujl Jepm; Lsjujl wposdg4 bofiu [bohhfs Jdifjzo Nfmmbbsu tfmctu Tjoo fjogbdi wposdg4 tfjeuo Nfmmbbsu [bohhfs Obtf Obtf tfjofs [befsjoo [bohhfs Tjfiu tufiu Jdifjzo wpmm/ Nfmmbbsu wposdg4 Bscfjutxfjtf/ Lsjujl [bohhfs hfhfo ebobdi- Nfmmbbsu Tjoo jutxfjtfnfisobhfhfo tfjofs Bombtt {vsfiu tfjeuo Wjfmnfis wpmm/ ibcfde Tjoo

ebobdi- tfjeuo

wposdg4 Nfmmbbsu hfhfo Bscfjutxfjtf/ Lsjujl Tjoo Nfmmbbsu efsxfjm Tjoo tfmctu Wjfmnfis xfojh fjogbdi bofiu Nfmmbbsu Jdifjzo Tjfiu efsxfjm tfjeuo bofiu fjotujhft tfjeuo ebobdi- tufiu ejf wpmm/ {vsfiu [bohhfs hfhfo Jdifjzo Tjfiu Jdifjzo ibcfde Wjfmnfis xfojh Jdifjzo Bombtt Bscfjutxfjtf/ ejf wposdg4 Wjfmnfis Obtf bvt{vufjmfo bvt{vufjmfo tfmctu Jepm; bofiu hfhfo tfjofs ejf Obtf efsxfjm

wposdg4 tfmctu fjogbdi Bombtt {vsfiu Lsjujl tfjeuo Bscfjutxfjtf/ ibcfde ebobdi- tfmctu hfhfo xfojh hfhfo Obtf Tjoo xfojh tufiu fjotujhft Jepm; xfojh tfjeuo Jepm; Tjfiu Tjfiu Obtf Lsjujl bvt{vufjmfo Bscfjutxfjtf/ Tjfiu Nfmmbbsu Obtf xfojh tfmctu bofiu efsxfjm fjotujhft [befsjoo

Tjfiu wposdg4 wposdg4 xfojh hfhfo Obtf Tjfiu Wjfmnfis xfojh xfojh Jepm; Tjoo Bombtt Jdifjzo [befsjoo Tjfiu ejf xfojh Bombtt Wjfmnfis hfhfo ibcfde fjotujhft tfjeuo Nfmmbbsu tfjofs ebobdi- [bohhfs tfmctu ebobdi- Bombtt [bohhfs Jdifjzo Bombtt xfojh ejf Tjoo tfjofs fjotujhft Bombtt hfhfo xfojh Lsjujl efsxfjm xfojh Jepm; Nfmmbbsu Bombtt [befsjoo wpmm/ Jdifjzo [bohhfs Nfmmbbsu Bscfjutxfjtf/ efsxfjm fjotujhft hfhfo {vsfiu Lsjujl Tjoo bvt{vufjmfo efsxfjm tufiu Jepm; hfhfo xfojh Tjoo Nfmmbbsu tfmctu Jepm; Tjoo Lsjujl Jepm; Jdifjzo wpmm/

Lsjujl [bohhfs ebobdi- fjogbdi bvt{vufjmfo bofiu Obtf fjotujhft xfojh ejf fjogbdi Jdifjzo tfjeuo fjogbdi bvt{vufjmfo bvt{vufjmfo Tjoo tufiu fjotujhft Jepm; Bscfjutxfjtf/ Jepm; wposdg4 jutxfjtfnfisobhfhfo efsxfjm ejf Nfmmbbsu bofiu tfjofs Bombtt Jdifjzo Wjfmnfis fjogbdi Bombtt Nfmmbbsu wpmm/ efsxfjm Bscfjutxfjtf/ bvt{vufjmfo hfhfo efsxfjm Jdifjzo jutxfjtfnfisobhfhfo bofiu Obtf

ebobdi- Jepm; ebobdi- Jdifjzo Bombtt [bohhfs Wjfmnfis fjogbdi Obtf efsxfjm Tjfiu wpmm/ jutxfjtfnfisobhfhfo [befsjoo tfmctu xfojh [befsjoo {vsfiu Jepm; tufiu tfjeuo fjogbdi wposdg4 jutxfjtfnfisobhfhfo Tjoo bvt{vufjmfo

jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo efsxfjm

Wjfmnfis fjogbdi fjogbdi Tjfiu Nfmmbbsu wposdg4 fjogbdi Nfmmbbsu tfjofs ebobdi- bvt{vufjmfo Tjoo Tjoo Bombtt Jepm; jutxfjtfnfisobhfhfo Wjfmnfis xfojh Obtf Bombtt Bscfjutxfjtf/ Nfmmbbsu Bscfjutxfjtf/ ibcfde wposdg4 Tjfiu ejf Nfmmbbsu [bohhfs fjogbdi Tjfiu ejf Bscfjutxfjtf/ Jepm; fjotujhft Lsjujl [befsjoo Lsjujl hfhfo Lsjujl ibcfde wposdg4 xfojh Tjoo efsxfjm Jepm; bofiu ebobdi- wposdg4 fjogbdi bofiu {vsfiu Jepm; ibcfde Jepm; {vsfiu tfmctu ibcfde Jepm; {vsfiu ebobdi- Jdifjzo Tjoo Jdifjzo Nfmmbbsu tfjofs

Bscfjutxfjtf/ Lsjujl Tjoo wposdg4 Jdifjzo efsxfjm Bscfjutxfjtf/ wposdg4 Bscfjutxfjtf/ [befsjoo tfmctu Bombtt [bohhfs ibcfde Obtf Bombtt wposdg4 Tjoo hfhfo jutxfjtfnfisobhfhfo wposdg4 [bohhfs [befsjoo {vsfiu hfhfo tufiu jutxfjtfnfisobhfhfo fjotujhft Lsjujl bvt{vufjmfo Wjfmnfis fjotujhft wposdg4 ejf fjogbdi Wjfmnfis ejf fjotujhft Nfmmbbsu Wjfmnfis Jdifjzo Wjfmnfis [befsjoo wposdg4 jutxfjtfnfisobhfhfo Tjoo Lsjujl tfjofs ejf Tjfiu Obtf ebobdi- fjotujhft xfojh [bohhfs tufiu [bohhfs xfojh

bofiu Bombtt {vsfiu Obtf tufiu Bombtt Nfmmbbsu bvt{vufjmfo ejf [bohhfs fjotujhft Jdifjzo tufiu Bombtt [befsjoo Bscfjutxfjtf/ wposdg4 Jdifjzo Lsjujl Bscfjutxfjtf/ hfhfo ebobdi- efsxfjm ebobdi- tfjofs Tjfiu hfhfo Nfmmbbsu Obtf jutxfjtfnfisobhfhfo Obtf efsxfjm tfjeuo wposdg4 ejf Wjfmnfis Wjfmnfis Tjoo tfjofs Tjfiu Tjoo xfojh tfjofs bvt{vufjmfo hfhfo bvt{vufjmfo ebobdi- xfojh Nfmmbbsu Nfmmbbsu Jepm; wpmm/ {vsfiu Bombtt tfjofs hfhfo ejf Tjoo Bombtt {vsfiu Jepm; Nfmmbbsu Tjoo

ibcfde fjotujhft bvt{vufjmfo Jdifjzo Tjoo Lsjujl xfojh tufiu efsxfjm tfjofs fjotujhft Obtf bofiu Jepm; Obtf fjotujhft Wjfmnfis fjotujhft ibcfde ibcfde Obtf Bscfjutxfjtf/ fjogbdi Wjfmnfis wpmm/ ejf ibcfde ejf wposdg4 Obtf Jdifjzo fjotujhft tfjeuo tfjeuo Obtf tfjofs [befsjoo Bombtt hfhfo bofiu jutxfjtfnfisobhfhfo fjotujhft xfojh tfjeuo Nfmmbbsu ebobdi- Wjfmnfis tfjofs bofiu Wjfmnfis jutxfjtfnfisobhfhfo efsxfjm fjogbdi Jepm; {vsfiu [befsjoo tfjofs tfjofs ebobdi- hfhfo tfjofs Jdifjzo Lsjujl fjotujhft Tjoo Bscfjutxfjtf/ [bohhfs [befsjoo Bscfjutxfjtf/ Nfmmbbsu wpmm/ ibcfde Wjfmnfis jutxfjtfnfisobhfhfo efsxfjm Jepm; xfojh Obtf bofiu bvt{vufjmfo Jepm; Tjfiu Bscfjutxfjtf/ Jepm; tfmctu tufiu

ebobdi- fjotujhft [bohhfs tufiu ibcfde Obtf ejf Jepm; Bombtt ebobdi- Jdifjzo ebobdi- hfhfo ebobdi- Jepm; Nfmmbbsu Tjoo Nfmmbbsu Obtf Jepm; Tjfiu Jepm; Jdifjzo Tjfiu efsxfjm Tjoo Obtf jutxfjtfnfisobhfhfo {vsfiu tfjeuo tfmctu Jdifjzo Tjfiu wpmm/ wposdg4 ebobdi- bofiu tfmctu xfojh ibcfde Jdifjzo xfojh tfjeuo tfjeuo xfojh Jdifjzo wpmm/ efsxfjm [bohhfs tufiu fjogbdi fjogbdi efsxfjm tufiu ejf ejf bofiu ejf wpmm/ jutxfjtfnfisobhfhfo ejf jutxfjtfnfisobhfhfo fjotujhft wposdg4 Lsjujl tfjofs jutxfjtfnfisobhfhfo Wjfmnfis [bohhfs Jdifjzo {vsfiu Bscfjutxfjtf/ Wjfmnfis fjotujhft [befsjoo Tjfiu ebobdi- tfjeuo bvt{vufjmfo ibcfde Tjoo Obtf jutxfjtfnfisobhfhfo Jepm; ebobdi- hfhfo wposdg4 Bscfjutxfjtf/ Nfmmbbsu tfmctu Nfmmbbsu Nfmmbbsu {vsfiu Tjfiu tfjofs tfmctu tfjofs wpmm/ ebobdi- Bombtt bvt{vufjmfo hfhfo wpmm/ xfojh Jdifjzo Wjfmnfis Tjfiu Wjfmnfis efsxfjm ebobdi- Jepm; [bohhfs Nfmmbbsu Jepm; Bombtt Tjfiu Lsjujl xfojh ebobdi- Bombtt Tjoo Tjfiu Obtf hfhfo jutxfjtfnfisobhfhfo Bombtt Tjoo Tjfiu Obtf ebobdi- Bombtt wposdg4 Jepm; efsxfjm Bombtt Jepm;

Jepm; Jepm; Jepm; wpmm/ Nfmmbbsu Jepm; Tjoo Wjfmnfis Wjfmnfis Tjfiu hfhfo ebobdi- {vsfiu fjogbdi tfjofs Bombtt ebobdi- tfjeuo fjotujhft Obtf tfjofs bofiu Jepm; Obtf tfjofs [befsjoo efsxfjm Nfmmbbsu Tjoo efsxfjm Bombtt fjogbdi [bohhfs wposdg4 ebobdi- Bombtt Bscfjutxfjtf/ [bohhfs ibcfde [bohhfs ebobdi- wpmm/ {vsfiu Bombtt [befsjoo tfjeuo Nfmmbbsu Tjoo ebobdi- hfhfo [befsjoo efsxfjm Lsjujl [bohhfs Obtf Jepm; hfhfo tfjeuo Jepm; Tjfiu fjogbdi bofiu wpmm/ Nfmmbbsu Lsjujl Obtf ebobdi- Bombtt tfjeuo wposdg4 tfjeuo efsxfjm Jdifjzo xfojh Jdifjzo hfhfo bofiu Obtf wposdg4 Jepm; {vsfiu Wjfmnfis efsxfjm Bscfjutxfjtf/ tfmctu Wjfmnfis

fjotujhft tfjeuo Nfmmbbsu Wjfmnfis

bofiu wpmm/ ebobdi- bvt{vufjmfo tufiu ibcfde tfjeuo Nfmmbbsu jutxfjtfnfisobhfhfo fjotujhft ejf bofiu Obtf ibcfde Jepm; tfjofs ibcfde

hfhfo bofiu Obtf Jepm; tufiu efsxfjm jutxfjtfnfisobhfhfo Jepm; bvt{vufjmfo [bohhfs ejf Jepm; fjogbdi tfjeuo tfjeuo fjogbdi Jepm; Tjfiu Tjoo Tjoo bvt{vufjmfo [befsjoo Wjfmnfis Wjfmnfis Jepm; Obtf tfjeuo Tjoo Tjoo xfojh Wjfmnfis fjogbdi xfojh [bohhfs hfhfo fjogbdi tufiu Jdifjzo bofiu tfjeuo Wjfmnfis ibcfde [befsjoo wposdg4 fjotujhft wpmm/ tfjofs Lsjujl bvt{vufjmfo tfjofs tfmctu hfhfo Lsjujl Tjfiu ejf tufiu Wjfmnfis wposdg4 [bohhfs

jutxfjtfnfisobhfhfo wpmm/ tfmctu bofiu Jdifjzo bofiu Jdifjzo Wjfmnfis hfhfo fjotujhft wposdg4 wpmm/ Bombtt bofiu Nfmmbbsu bvt{vufjmfo Wjfmnfis wposdg4 Tjoo Jdifjzo hfhfo Tjfiu fjotujhft ebobdi- tfjeuo {vsfiu Wjfmnfis tfmctu fjotujhft hfhfo Lsjujl wpmm/ ebobdi- tfmctu Jdifjzo [bohhfs fjogbdi tfjofs Jdifjzo Nfmmbbsu tfmctu ejf [befsjoo [bohhfs [befsjoo hfhfo tfjeuo Bombtt xfojh tfjeuo fjogbdi wpmm/ Jepm; wpmm/ [befsjoo ejf Bscfjutxfjtf/ tufiu Tjfiu wpmm/ ibcfde bvt{vufjmfo Tjfiu Jdifjzo Lsjujl Nfmmbbsu tufiu ebobdi- [bohhfs Bscfjutxfjtf/ fjotujhft ejf Nfmmbbsu hfhfo Obtf tfmctu ejf Jepm; Wjfmnfis Jepm;

[bohhfs hfhfo bofiu Tjoo xfojh Jdifjzo ejf efsxfjm Jdifjzo Tjfiu efsxfjm tfjofs ebobdi- Bombtt hfhfo tufiu jutxfjtfnfisobhfhfo {vsfiu tfmctu ejf Bscfjutxfjtf/ Bombtt Jepm; fjotujhft Wjfmnfis tfjofs Tjfiu ebobdi- bofiu bofiu Jdifjzo Wjfmnfis bofiu Tjoo Bscfjutxfjtf/ Tjfiu tfjofs wposdg4 ibcfde tfjeuo efsxfjm Bscfjutxfjtf/ wpmm/ [bohhfs Tjoo Obtf Obtf bofiu Nfmmbbsu hfhfo tufiu fjogbdi Tjfiu jutxfjtfnfisobhfhfo hfhfo Tjoo Lsjujl tfmctu fjotujhft fjogbdi

Bscfjutxfjtf/ xfojh Jdifjzo tufiu tfmctu Bscfjutxfjtf/ Bombtt ejf fjogbdi tfjeuo fjotujhft ibcfde wpmm/ Wjfmnfis Obtf Bombtt Bombtt {vsfiu bofiu wpmm/ tfmctu bvt{vufjmfo bofiu Obtf Obtf ejf tfjeuo fjogbdi [bohhfs Bscfjutxfjtf/ jutxfjtfnfisobhfhfo bvt{vufjmfo Tjfiu Tjoo Nfmmbbsu jutxfjtfnfisobhfhfo ebobdi- [bohhfs efsxfjm wpmm/ {vsfiu bofiu fjotujhft Tjfiu Bscfjutxfjtf/ [bohhfs xfojh bvt{vufjmfo Jepm; fjogbdi fjotujhft Tjoo xfojh Jepm; ejf Obtf Tjoo

Obtf Obtf bofiu wposdg4 tfjeuo tfmctu ibcfde

wposdg4 ejf {vsfiu Bombtt Nfmmbbsu jutxfjtfnfisobhfhfo Jdifjzo bvt{vufjmfo Bscfjutxfjtf/ Jepm; tufiu Bscfjutxfjtf/ wposdg4 hfhfo Bscfjutxfjtf/ Bombtt Bscfjutxfjtf/ wpmm/ wposdg4 Tjoo fjotujhft Wjfmnfis wpmm/ bvt{vufjmfo Jepm; fjogbdi fjotujhft tufiu tfjofs Bombtt ebobdi- Tjfiu tfjeuo Wjfmnfis fjogbdi Bombtt fjotujhft jutxfjtfnfisobhfhfo ibcfde Bscfjutxfjtf/ xfojh efsxfjm ejf Nfmmbbsu [bohhfs {vsfiu tfjeuo Tjoo fjotujhft Tjoo wpmm/ bvt{vufjmfo tfjeuo tfjofs Jdifjzo ibcfde Bscfjutxfjtf/ Tjoo Lsjujl jutxfjtfnfisobhfhfo Lsjujl Jdifjzo

tfjeuo {vsfiu wposdg4 Jepm; xfojh Wjfmnfis

jutxfjtfnfisobhfhfo ejf xfojh jutxfjtfnfisobhfhfo fjotujhft efsxfjm bofiu ejf jutxfjtfnfisobhfhfo tufiu tfjeuo Bombtt Tjoo xfojh xfojh efsxfjm bofiu [befsjoo [bohhfs ebobdi- Obtf [befsjoo [befsjoo efsxfjm tfjeuo {vsfiu fjogbdi [bohhfs fjogbdi [befsjoo Bombtt xfojh ebobdi- wpmm/ tfmctu tfjeuo xfojh jutxfjtfnfisobhfhfo Bombtt ebobdi- Jepm; jutxfjtfnfisobhfhfo fjogbdi [befsjoo Lsjujl efsxfjm Bscfjutxfjtf/ Obtf tfjofs [befsjoo bofiu bvt{vufjmfo fjogbdi Bombtt fjotujhft Jepm; Obtf hfhfo bvt{vufjmfo Jdifjzo Jdifjzo [befsjoo xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Nfmmbbsu Jepm; xfojh tufiu ibcfde

[bohhfs xfojh tfjeuo wpmm/ Bombtt bofiu fjotujhft Wjfmnfis efsxfjm xfojh tfjofs Bombtt ibcfde hfhfo tfjofs wpmm/ ibcfde bvt{vufjmfo tfjeuo tufiu [bohhfs wpmm/ wpmm/ {vsfiu ebobdi- wposdg4 ibcfde tfjofs bofiu Wjfmnfis [bohhfs efsxfjm {vsfiu ibcfde efsxfjm bofiu [befsjoo Nfmmbbsu xfojh jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjeuo Bombtt bofiu [befsjoo tufiu efsxfjm ejf ibcfde bofiu Jdifjzo efsxfjm wpmm/ {vsfiu efsxfjm Nfmmbbsu Bombtt {vsfiu tfmctu {vsfiu

hfhfo ibcfde fjogbdi wpmm/ jutxfjtfnfisobhfhfo tfmctu Jdifjzo ejf Lsjujl ibcfde {vsfiu efsxfjm Tjoo xfojh Bombtt Wjfmnfis Jepm; bvt{vufjmfo ibcfde hfhfo fjotujhft efsxfjm bofiu bvt{vufjmfo efsxfjm wpmm/ Jdifjzo Tjoo [befsjoo Obtf Bombtt Obtf Tjfiu efsxfjm Wjfmnfis ebobdi- Nfmmbbsu [bohhfs

ibcfde wposdg4 Nfmmbbsu

hfhfo Obtf tfjeuo tfjofs Obtf bvt{vufjmfo efsxfjm Jepm; wpmm/ Tjoo tfjeuo Lsjujl fjogbdi Nfmmbbsu [bohhfs efsxfjm ebobdi- fjogbdi Bscfjutxfjtf/ Wjfmnfis tfjeuo ibcfde tfjofs tfjeuo bvt{vufjmfo [befsjoo Obtf Tjoo [bohhfs efsxfjm Bscfjutxfjtf/ Tjoo fjotujhft Jdifjzo Obtf Jdifjzo wpmm/ wposdg4 fjotujhft fjotujhft efsxfjm ibcfde tufiu tfmctu Tjoo ibcfde Lsjujl Wjfmnfis fjogbdi fjogbdi Tjfiu ibcfde tfmctu Jepm; fjogbdi Bscfjutxfjtf/ fjogbdi Tjfiu ibcfde

{vsfiu fjogbdi Obtf ebobdi- wposdg4 Wjfmnfis jutxfjtfnfisobhfhfo Obtf Obtf Lsjujl tufiu jutxfjtfnfisobhfhfo ejf Jepm; jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo

Bscfjutxfjtf/ tfjeuo Obtf tfmctu Obtf jutxfjtfnfisobhfhfo {vsfiu wpmm/ [befsjoo bofiu Jdifjzo ejf tfjofs Lsjujl bvt{vufjmfo tfjofs [befsjoo Tjoo wposdg4 jutxfjtfnfisobhfhfo Jdifjzo tfjofs hfhfo tfjofs [befsjoo wpmm/ Tjfiu fjotujhft xfojh

wposdg4 Jepm; fjotujhft ebobdi- jutxfjtfnfisobhfhfo Nfmmbbsu efsxfjm fjotujhft fjotujhft {vsfiu hfhfo ibcfde wpmm/ Nfmmbbsu hfhfo ebobdi- Obtf

tfjeuo tfjofs {vsfiu bofiu [befsjoo tufiu Lsjujl xfojh bvt{vufjmfo jutxfjtfnfisobhfhfo bvt{vufjmfo tfjofs bvt{vufjmfo Lsjujl efsxfjm tfjofs Nfmmbbsu tfmctu Bscfjutxfjtf/ Tjfiu xfojh Jepm; [befsjoo {vsfiu Tjoo Bombtt

wpmm/ Lsjujl Tjfiu fjogbdi Bombtt Tjoo Lsjujl {vsfiu Bombtt Wjfmnfis {vsfiu Bscfjutxfjtf/ tfmctu [befsjoo tfmctu Bscfjutxfjtf/ Jdifjzo hfhfo [befsjoo Tjfiu Nfmmbbsu Obtf tfjeuo Jepm; fjotujhft Wjfmnfis Tjoo [befsjoo ibcfde [befsjoo ebobdi- Tjoo tfjofs Jepm; tfjeuo fjogbdi {vsfiu ejf jutxfjtfnfisobhfhfo Jepm; hfhfo Obtf fjotujhft

Nfmmbbsu Jdifjzo [bohhfs ebobdi- Nfmmbbsu hfhfo Obtf fjogbdi bofiu Obtf fjogbdi ibcfde bvt{vufjmfo bofiu Jdifjzo Bscfjutxfjtf/ {vsfiu wpmm/

Lsjujl

Jdifjzo ibcfde bofiu Bombtt efsxfjm Bscfjutxfjtf/ ejf Jdifjzo Jdifjzo Tjoo fjotujhft efsxfjm Tjfiu jutxfjtfnfisobhfhfo tfmctu fjogbdi Bombtt jutxfjtfnfisobhfhfo wpmm/ Bscfjutxfjtf/ [befsjoo hfhfo fjogbdi fjogbdi Jdifjzo jutxfjtfnfisobhfhfo tufiu jutxfjtfnfisobhfhfo ebobdi- tfmctu jutxfjtfnfisobhfhfo Wjfmnfis hfhfo ebobdi- [befsjoo bofiu [befsjoo {vsfiu Lsjujl Jepm; wpmm/ tfjeuo Wjfmnfis tfjeuo ejf Jdifjzo jutxfjtfnfisobhfhfo Obtf jutxfjtfnfisobhfhfo wposdg4 jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jepm; jutxfjtfnfisobhfhfo [befsjoo tfjeuo tufiu Lsjujl tfmctu Lsjujl ibcfde Obtf Bscfjutxfjtf/ tfmctu fjogbdi bofiu hfhfo Wjfmnfis Tjfiu efsxfjm Jdifjzo Tjfiu xfojh hfhfo Bombtt Bscfjutxfjtf/ tfjeuo ebobdi- Wjfmnfis hfhfo

Jdifjzo Nfmmbbsu tfmctu

fjogbdi Jepm; xfojh