According to the information that have been published in several media during the last days, Mr. Ahsan Ali Syed would like to deny the charges in which has been subjected him and his company Western Gulf Advisory, and he wants to clarify this issues:
- As AFP has announced, Australian police said last Wednesday that they were not investigating the owner of Spanish club Racing Santander, Ahsan Ali Syed, in connection with allegations over his business conduct. Australian media reports have called into question Indian entrepreneur Ali and the business practices of his wealth management company Western Gulf Advisory, but Ali has denied what he termed "serious allegations", saying they were false and defamatory.
- As Mr. Ali Syed has argued in the exclusive interview published yesterday in the Daily Tribune, he acknowledged that “The accusations are baseless and frivolous. Johnson Property Group (JPG) has approached WGA seeking funds for its project in New South Wales. However, as per our policy, we offer loans only after getting due diligence reports from an independent agency. They should have some credibility to secure the loan without which not only WGA but no bank would lend (them) money. All prospective clients are asked to conduct due diligence report on our company and only after they are satisfied with our antecedents, will there be scope for further negotiations. When JPG failed to meet the requisite norms set by our company, we decided not to fund them”.