The following was translated from the Spanish News site Marca.com. Here’s the original link.
Syed Ali has to pay 2.6 million by Friday
HEAD ANGEL 03/15/1911 – 19:52.
Western Gulf Advisory Company (WGA), owned by Indian Syed Ali, in turn owns the Racing de Santander, may be reported to the Australian authorities and the countries where it operates if not paid on Friday of $ 3.62 million (2 6 million euros) to an Australian manufacturer.
Keith Johnson denounced last week in the Australian newspaper Sydney Morning Herald an alleged scam to him and other businessmen from Australia, New Zealand and Malaysia, amounting to approximately 72 million euros.
The alleged scam was that some employers, most builders, the WGA went in search of a widely publicized claims in Australia, at an interest rate lower than that offered by banks in that country.
Once granted credit for the WGA it required a series of amounts of money by way of non-refundable deposits. Then the credit money I never got to the petitioner did not return the deposit or widened return.
Syed Ali took five days to respond to the information published in various Australian media and also in Mark, which fell like a bomb in the city of Santander and racinguista environment.
Finally on Saturday, You First Sports, the firm that Syed Ali’s relations with the Spanish media, made public a short comunucado (see next page) in which the Indian belied an unknown newspaper in Bahrain, the country of residence and the host country of the company, which had granted a loan of 155 million dollars (111 euros) to Keith Johnson company. Syed spoke of the false news reports about the case.
Yesterday, Johnson Property Group, Keith Johnson company, issued a statement to this newspaper and other international media with irrefutable evidence that the statement of Syed Ali and told the Daily Tribune does not conform to the truth.
MARK is in possession of documents published today, which demonstrate that the WGA granted credit, Johnson faced by transferring securities to the account of the WGA at Credit Suisse in Zurich, and one of the receipts issued by Syed Ali’s company upon receipt of bank transfers.
In addition, MARK held a series of letters between the lawyers of Johnson Property Group and John Mullaly, lawyer and Syed Ali straw in Australia on increasingly urgent claims for repayment of money since the credit of 155 million never became effective.
Payments (1.11 and 1.25 m illion dollars) were made on 21 September and 26 October 2010 and since then, the WGA has had that amount which has obviously been wrongly charged.
Sources of Sydney law firm that advises Keith Johnson said yesterday in this newspaper that if the payment is not made reported to the WGA to the authorities and it shall inform those who may be at the mercy of Ali’s business, such as Racing de Santander.