Quelle surpise

I don’t know where they get this stuff from, but apparently those stupid Aussies think Ahsan Ali Syed’s nothing more than a scammer, and are actually doing something about it.

AHSAN ALI SYED had all the trappings of wealth: the monogrammed private jet, a European football club, a retinue of minders and the obligatory bling – lots of it.

But now, thanks to some angry Australian victims, the net is closing on the man described as the Bernie Madoff of India.

Over the past year the Indian-born Mr Ali, 39, has scammed an estimated $100 million from Australian investors alone. With other victims in England, Ireland, Malaysia and, most recently Korea, authorities have no idea how big Mr Ali’s fraud might be.

The scam is simple. Through his company, Western Gulf Advisory, which has offices in Bahrain and Switzerland, Mr Ali offers to lend troubled businesses up to $US200 million ($190 million) from his own personal fortune, which he claims to be $US8 billion.

This is itself incredible since only six years earlier Mr Ali departed London in a hurry leaving behind a grubby flat and owing thousands of pounds in unpaid rent and council taxes.

”There can be no doubt that WGA is a fraud,” Andy Bryce, a solicitor from Melbourne law firm Evans Ellis, said.

Has anyone told Terry?

More to the point has anyone told the Commissioner of Inland Revenue?


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.