By S A Ishaqui
Hyderabad, May 7:Does Mr Ahsan Ali Syed, a Hyderabadi who bought the Racing Santander football club in Spain have close links with Mr Hasan Ali Khan who is in custody for stashing away large sums of money in Swiss banks?
According to the Australian media, Mr Syed and Mr Khan have the backing of the same Swiss bank.
Mr Khan has an account in the Union Bank of Switzerland which also funded Mr Syed’s buy over of the football club.
Mr Khan has told the ED that he has accounts in both Union Bank of Switzerland (UBS) and Credit Suisse and the Indian heads of both banks have been questioned by the ED.
According to reports in the Australian media, Credit Suisse has paid the victims of a Ponzi scheme that was floated by the Mr Khan.
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organisation, but from their own money or money paid by subsequent investors.
Apart from the bank accounts, Mr Khan also confessed his contacts with Saudi arms dealer, Mr Adnan Khashoggi, and Mr Syed is also said to have met Mr Khashoggi in 2000.
No comments:
Post a Comment