Mar

3

30 M Gone: Jetsetter Accused of Having A Lend:

Due to the lack of funding available after the financial crisis, many of them were teetering on the verge of collapse. Unable to secure funding in Australia, dozens of businesses beat a path to luxurious offices in Bahrain seeking financial salvation….

Each was required to pay a non-refundable fee of £26,000 ($41,800). Not only that, borrowers had to pay an upfront fee of 1.6 per cent of the value of their loan. That meant most of the Australian borrowers handed over more than $1 million each.

Not one of the dozens of people who signed up for loans with WGA have received their money.

…This is all the more extraordinary considering that only six years ago Mr Ali, then living in London, left behind a messy flat and £7800 in back rent. He also owed council taxes.

Mr Ali has morphed into a billionaire claiming, erroneously, that he was a graduate of the London School of Economics. Back in Australia, desperate investors are too afraid to speak out as they still hope to recoup their fees.


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