Mahmood & Masood Riaz:the fraud brothers

Buon sangue non mente.Quello della foto a destra è Masood Riaz Wahla,il fratello di Mahmood.
E' anche lui un truffatore,tanto per cambiare.Nel 2004 fu arrestato dalla polizia pakistana per una frode sul forex organizzata attraverso una società chiamata Nexus Capital,nella quale era coinvolto anche il fratello Mahmood.
Per i fratelli Riaz,insomma,la truffa è una tradizione di famiglia.
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http://www.dailytimes.com.pk/default.asp?page=story_11-8-2004_pg7_23

 Wednesday, August 11, 2004

Nexus director nabbed in forex scam

LAHORE: The National Accountability Bureau (NAB) Punjab chapter has arrested Masood Riaz, alias Wahla, director of Nexus Capital Management and Nexus Developers. He was wanted in a forex scam.
NAB accuses him of accepting deposits from around 700 families and running a parallel banking business without approval from the Securities and Exchange Commission of Pakistan. He is said to have transferred his companies’ money abroad and refused to pay his $5 million liabilities. Mr Riaz was settled in Dubai. He returned on Monday night, but was nabbed on Tuesday. NAB also seized several national identity cards with fake names from him. staff report

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 http://www.dailytimes.com.pk/default.asp?page=story_5-1-2005_pg10_1
Wednesday, January 05, 2005
Nexus Forex An accountability court issued warrants for Mahmood Riaz Wahla, brother of Nexus Capital Management and Nexus Developers director Masood Riaz Wahla, for January 14. They are accused of accepting deposits from around 700 people and running a banking business without the approval of the Securities and Exchange Commission of Pakistan. They allegedly transferred funds abroad and have refused to pay $5 million in liabilities.