Gunned-down realtor Riaz Mamdani expected to make full recovery, says family

The millionaire Calgary businessman shot outside his Mount Royal mansion is expected to recover fully, his brother said Wednesday.

"He is recovering and I expect him to make a full recovery," Alykhan Mamdani told CBC News.

Riaz Mamdani the CEO of Calgary realty behemoth Strategic Groupwas shot through the window of his Rolls Royce while pulling out of his driveway in Mount Royal on Monday morning. He was rushed to hospital and is now listed in stable condition.

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The only suspect description available is a man in a bright orange jacket.

Police are searching for a motive in the attack which they described as targetedand said investigators are looking into all aspects of the victim's background and associates.

Police are also looking into whether the discovery of a burning SUV a few blocks away soon after the shooting is connected.

Mamdani has been the subject of several lawsuits in recent years, the highest profile one stemming from his involvement in Platinum Equities, a company accused of bilking investors out of $160 million.

A married father of four, Mamdani isa noted philanthropist. He offered assistance to arriving Syrian refugees, is known for his work with Project Warmth, providing thousands of coats for Calgary's less fortunate every year.

In 2015, he entered into a three-year sponsorship agreement with Calgary Opera and the buildingnow bears his name.

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