Western Gulf Advisory
 | This article needs additional citations for verification. (June 2011) |
| Founder | Ahsan Ali Syed |
|---|
Western Gulf Advisory was a supposed asset management company based in Bahrain and Switzerland. It was founded by Ahsan Ali Syed, an Indian businessman.[1]
In 2008 Ahsan Ali Syed, claimed to have $8 billion and then formed Western Gulf Advisory.[citation needed] Another employee of Western Gulf Advisory is Omer Khan (their CFO).[citation needed]
In February 2011, Western Gulf Advisory and Ahsan Ali Syed purchased the Racing de Santander football club in Spain. WGA was initially touted as a suitor for the New Zealand-based Wellington Phoenix football club after its owner Terry Serepisos encountered financial trouble, but negotiations did not proceed after WGA's assets were frozen by a court order.[2]
In 2014 Switzerland issued an arrest warrant for Ahsan Ali Syed over charges of fraud and money laundering in relation to Western Gulf Advisory.[3]
References
[edit]- ^ Mcclymont, Kate (21 June 2011). "Victims unite in bid to capture $100m scammer". The Sydney Morning Herald. Retrieved 20 April 2021.
- ^ "Hitch for Serepisos helping hand". The Dominion Post. 21 June 2011.
- ^ Nippert, Matt (21 July 2014). "Accused fraudster on the run". Stuff.co.nz. Retrieved 3 March 2015.