Western Gulf Advisory
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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]
He left England in 2004. In 2008 Ahsan Ali Syed claimed to have $8 billion and 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
- ^ "Accused fraudster misses payback day". The Sydney Morning Herald. 21 March 2011.
- ^ "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.