It is truly amazing that something like this can happen in NZ. We think that this only happens in banana republic’s like the cooks but to have happened in NZ is a surprise.

We all know, Riaz Patel and his family hail from a global conglomerate known as house of patel which has its origins in India and is known to everyone as a successful business house. To have entrepreneurs like these people come to NZ and setup a business and bring it to list is indeed worthy of praise.
New Zealand should be aware that house of patel’s are listed in India and have the Reliance Group and the Abu Dhabi Government as their partners in their respective companies.
WSD has a good reputation in various markets and its surprising to read such articles about a successful firm on the eve of their listing. These allegations stink to say the least, as we are all aware that if anyone is linked to any type of laundering or terrorism in these times, then it would be a matter of days before they are brought to justice. I hope that this is not a racial issue as it would be a very sad chapter for NZ, which is considered a fair and good place for all.
Nevertheless, am sure the authorities are doing their job well and will come out with the truth. THE TRUTH ALWAYS PREVAILS IN THE END!!

This articles mentions "WSD's related companies", if you look up the companies register there does not seem to be any links between these two companies. Apart from almost a client supplier relationship.

Mr. Riaz Patel is known to me & he & his Bank WSBC Cook Island has duped my family for more than 1/2 a Million USA $. They have totally mis guided the ignorant COOK Authorities in the past. When ever we wanted to prosecute them, the Lawyers we hired are slowly backing out as there is some hidden hand is working in the back ground at Cook Island. It is seen they are connected with Politicians of the small Island Nation, so now it is prooved this was possible.

I seriously want to prosecute the WSBC & its Directors can any one tell me how to do it & how can i find a way in Cook island to get a a reliable Lawyer without any conflict of interest.

Let it it not be decreed just because they are conected to some VIP in business they are any good. Not at all. First class manipulators & Fraudsters. I like to get them to Jusice as soon as possible & solve our issue too. Can any one help.

Any one intersted pl write to me
Ron
rvlcol@yahoo.co.in

i WOULD APPRECIATE IF ANY ONE CAN HELP ME WITH THE CONTACT ADDRESS OF THE SERIOUS FRAUD OFFICE AT NZ pl. & the person My family can express our ordeal with worlds no-1 trickster Mr. Riaz Asgar Patel,the Founder Director of Wall Street Banking Corporation Cook Island. My issue & case will re open what is Riaz A. Patel & his group & their connections. All you guys will sing differently ones my case in taken for hearing, you will be surprised, what a Criminal minded person is Riaz A. Patel. I will show all his correspondance to me., How he manipulated and fabricatred books in Dubai, whilke they had transactions carried out through Saloman Smith Barney NY. USA. Fortunately they have a very strong Sponsor in Dubai, things change there. That makes a big difference in everything.

I want help from any good Lawyers in NZ, or Cook Island to prosecute WSBC & its Directors right now.

I am aware Mr. Riaz Patel will be scratching his Head now & reading it. Mr. Patel I challenge you any were, any place any time in a Lawful country. Aent you a crook? Why did you swindle us for 1/2 a million $+ through your sisters friend Mr Ajmal Bashir from Dubai. We have everything to proove against you & your bank,

pl. contact me at
rvlcol@yahoo.co.in

It is clear apart from my write ups above, rest are from Riaz Patel’s insiders who are encouraged to comment & write it appears.

In fact from now on, other people duped by Riaz Patel too will contribute & forward their case on WEB. There was a person who worked in an Oil Company in ABU DHABI, too was duped by Riaz Patel & his WSBC Bank for a huge sum in USA $. He was to suicide if not of his wife’s intervention in 2001.

Do you know Riaz Patel has ruined families, by his Fraud & tainted Bank WSBC. Cook Island. In fact my case is fully known to Cook Island Regulator. But since the countries policies of Secrecy was a nice fodder for Riaz Patel’s bank to thrive & enjoy the looted wealth around the world. I am not sure how many Arabs he has looted. Since many dint know the way he cheated by introducing Margin Trading & later without any permission, he inflated Debt to say, the client owes his Bank. But all this without Collateral. They say they gave loan Unilaterally without the knowledge iof the client. Has any one ever heard something like this. Isn’t all this a fraud in a grand style.

How ever, i have been following my issue past 9 years with the WSBC Bank Cook Island & other Aghencies. Will contnue doing so untill Mr. Riaz Asgar Patel & his bank WSBC Cook Island is brought to books & justice.

Above Article reads & contains the below 4 lines of phrases.

“New Zealand should be aware that house of patel’s are listed in India and have the Reliance Group and the Abu Dhabi Government as their partners in their respective companies

NZ Government take note of these phrases, seriously. It bis a shame to accept it.

It is a very big Joke, What does this above phrases convey in the above article. Are they black mailing the New Zeeland Government or are they threatening the New Zeeland Government. He did the same thing to us through his friend & Employee Ajmal Bashir, & Hameem Khizer from Dubai. Not to raise our voice Against Patel’s in the fraud they did for us, as they can destroy us & they are connected with some undesirable elements from under world.

Well, it all have the same identification marks they normally do to the aggrieved to silence them. This should be challenged in every form. Their Indirect Threats. What difference does it make to New Zeeland Govt. if Patel’s are connected to Ambani’s & Abu Dhabi Government, I really wonder. Are these two beasts or man eaters. As far as I know they are civilized persons & entities. I do not know why they had to have these criminal minded folks with them.. These are no match. There is something more in this. What does this message convey. If Mr. Riaz A. Patel, has directed this message & article, he must be grilled to know what is the under lying meaning of such phrases that are appearing for the New Zeeland Govt. to observe. NZ Govt. are you looking & reading these phrases?? Stop this non sense of indirect threats. Who is writing these articles, aren’t these articles provocative and mischievous. Why should NZ Govt. take cognizance of the below phrases appearing in the above article I wonder.
Does it mean because they are listed I India , Riaz A. Patel & his group are infallible.
A PERFRCT NONSENSE.

It is not problamatic, unless some one doesnot want to here or read the truth. In what way is it problamatic.? Do you say truth is problamatic??? If I am wrong, Let Riaz Asgar Patel say so. Will he dare??

They have fabricated a debt in their books without our consent or any agreement to it to start with & under duress & threats.
We were told, when we gave initially to them ($.35,000)Thirty five thousand USA $. Amount as 20% Margin amount, (we have communication to proove) they fabricated books many times above the Margin amount, without Margin call, No collateral, no Application for any loan to meet the liability, not even pre requisite documents required, Debt disclosure paper work signed by my wife required for Trading in the first place. They are still struggling to get it from us & Cook Regulatory knows about it. We have communications from Riaz Asgar Patel & all his assigned staff to prove everything. They secretly fabricated the debt without our knowledge, then asked us to send us our Bonds which were with HSBC in Channel Island. They told us the Bond Market is up beat so to send the bonds. Ones the bonds reached them, they sent us the statement with a huge debit balance. But it was too late our bonds reached their custodian Smith Barney already & there on we do not know what twist they played with. I think they pocketed the Indians who were working at Smith Barney for manipulations, i am not sure. Subsequently Riaz Patel sent his trusted men for us to sign some paper work, probably to accept the fabricated debt, we just run them off from near our house. I have Riaz A. Patels Emails on all these operations.

But all this later they got contained in a simple wording that they “extended a Loan to the Account of my wife” . Is this not a fraud, well accommodated by A COOK ISLAND JUNGLE LAW. But who was there to stop it, no one. But now, at last some body realized how bad is their presence in the area. (NZ)

We shall be able to unearth all such deals through them, of others too, ones we drag them to Serious Fraud office one by one.

He has a big team of Fraud Experts from India, 1) Mohammed Tariq who had given A New Delhi address with Registrar of Companies in Mumbai, also was in Dubai 2) Ajmal Bashir of Trivandrum Kerala, /Dubai, 3) Mr. Laxman a Keralite by origin & an Ex Employee of Saloman Smith Barney NY USA, still continuing a Master brain for fabrication of frauds with Riaz Patel 4) Haameem Khizer a son of Retired Director of Reserve Bank of India, Mumbai, who was Riaz Patels, spokes person in fraud matters at Dubai 5) Sunil Madhok a resident of Aukland, & citizen of NZ Employed as CEO of WSBC by Riaz Asgar Patel in 2001/2002, a master brain in fraud, who resigned when he could not continue with a fraud out fit perhaps any longer. 6) Mr. Tapu Benerjee another CEO of WSBC, 7) Ravi Shankar a Proxy Director of Patel’s in WBBC, when Riaz Asgar Patel Resigned after the Fraud.& created a Trust, beneficiaries being his father & his Children. A trust of Convenience.??. who can gulp this joke. ? 8) For some time now Mr. Kumud Ranjan Mohanty CEO of WSBC, I have a feeling weather all these guys have a common GOD Father to protect them back home other than M/s Patel’s. When out sider’s knew so much about a handful of Indian Fraudsters, Money Launderers, & in Criminal activities how come all this never surfaced in India earlier. Is there a protection for these Financial terrorists.& thugs

Can I scan & publish all your Emails, Ajmal Bashir's Emails, Hammeem Khizers Email on this site, it will show how desperate you were to get out of it from me. Shall i provide copies of Collateral letters signed by Sunil Madhok, Can I prove the dates our Bonds left Channel Island. Dint you start your fraud from December-13th-2000 onwards, while you had 35,000 USA $. AS 20% Margin money remitted to your Pakistani Bank Accounts in NY USA as advised by you and Ajmal Bashir. Ajmal Bashir has clearly written jn his communication dated 25-06-2001, what was agreed initially. Also what you advised him to tell us after the fraud debt was formed by you by 13-12-2000. to accept the Debt temporarily. How you lured us to send us the Bonds to sell in Bond Up market & give us the proceeds. But where all your promises have gone after our Bonds reaching you. How can you create a debt by 13-12-2000 & get our Bonds in a subsequent periods as Collaterals. Dint your people threaten us so many times from Dubai. You did everything to suit yon best. You also wrote to Hammeem Khizer, your great helper from Mumbai, to be helpful to us to an extent only. That means you were in charge of the Fraud, & you dint wanted to miss the controls of your operations. You were quite tricky in that message. If you were not involved as normal battle cry is in every issue the same story, why were you desperate writing so many messages. You were happy we were in your trap still show you are helpful while you pocketed our Bonds & its 6 monthly returns past 9 years. If so why did you offer so many goodies in the message Ajmal Bashir wrote to us if you are to still hold our Assets. You had a CC sent to you by Ajmal Bashir as well. Can I prove you changed the DNA of a Established Financial product to create a fraud in your favor by cheating gullible client.

Can I scan & publish all your Emails, Ajmal Bashir's Emails, Hammeem Khizers Email on this site, it will show how desperate you were to get out of it from me. Shall i provide copies of Collateral letters signed by Sunil Madhok, Can I prove the dates our Bonds left Channel Island. Dint you start your fraud from December-13th-2000 onwards, while you had 35,000 USA $. AS 20% Margin money remitted to your Pakistani Bank Accounts in NY USA as advised by you and Ajmal Bashir. Ajmal Bashir has clearly written jn his communication dated 25-06-2001, what was agreed initially. Also what you advised him to tell us after the fraud debt was formed by you by 13-12-2000. to accept the Debt temporarily. How you lured us to send us the Bonds to sell in Bond Up market & give us the proceeds. But where all your promises have gone after our Bonds reaching you. How can you create a debt by 13-12-2000 & get our Bonds in a subsequent periods as Collaterals. Dint your people threaten us so many times from Dubai. You did everything to suit yon best. You also wrote to Hammeem Khizer, your great helper from Mumbai, to be helpful to us to an extent only. That means you were in charge of the Fraud, & you dint wanted to miss the controls of your operations. You were quite tricky in that message. If you were not involved as normal battle cry is in every issue the same story, why were you desperate writing so many messages. You were happy we were in your trap still show you are helpful while you pocketed our Bonds & its 6 monthly returns past 9 years. If so why did you offer so many goodies in the message Ajmal Bashir wrote to us if you are to still hold our Assets. You had a CC sent to you by Ajmal Bashir as well. Can I prove you changed the DNA of a Established Financial product to create a fraud in your favor by cheating gullible client.

Riaz Asgar Patel deputed 2 of his trusted accomplices Mr. AJMAL BASHIR of Kerala, India & Mr. Laxman too from Kerala origin) with a set of forms to sign, telling us they have taken a loan from Saloman Smith Barney NY USA. Pledging our Bonds as collateral. But we shunted them out of the place, nit accepting to their illegal demand while they met us at a cafeteria as I would not give them entry to our house. But now I want to know how did they take loan & how did the Saloman Smith Barney award them a loan. The beneficiary of the Bonds is my wife, who signed papers & how was the Loan given to WSBC Cook Island. Did they work out all this by FABRICATING & Faxing Photo copies to Saloman Smith Barney? Does Saloman Smith Barney has the Original papers signed by the actual owners of the Bonds?? HOW & WHO Authorized the Loan & on what Grounds to WSBC Cook Island. Had he pocketed the staff of Saloman Smith Barney NY USA. If not why is he not sending our Interest received past 9 years from the bonds to us & neither returning our Bonds we wonder. Why is he holding our ICICI Bonds sold amount & lots other. Is he not a great inventor of FRAUDS of 20th & 21st century. Reply Mr. Riaz Asgar Patel. Don’t be shy. I am awaiting your replies, again do you want to tell me your LAWYERS TOLD YOU NOT TO RESPOND, BUT YOU WILL SHORTLY SIR. Dint you send me Debt Disclosure forms to sign in August -2001 for a Fraud Debt Fabricated in 2000 under the guise of 20% Margin Trading. Are you teaching us Margin Trading now. I have those forms with us still with cover you sent & the mail you sent to expect it. Dint you ???

SFO INVESTIGATION!! i am glad to FURNISH more details of frauds by Riaz Asgar Patel & his dirty Team. With Original paper works, signed by him.

I will be happy to give more details of Fraud by Riaz Asgar Patel to what ever Agency may it be on this plannet. May it be SFO, FSC, CIA, FBI or any one who wants to know more about this guy. he must know he can't fool all people all the times. He played with me when i was in service, now I am free to dedicate my self to convict him & bring him to Justice.

I am extremely happy & thankfull to Mr. Ian Wishart for publishing the various facts about Riaz Asgar Patel's dangerous Involvements. I am surprised how did the Indian Government Agencies din’t know about this guy much so long ?? Have they a God Father who protects them else were?? How come he is still not convicted. Is he a infallible guy. A number one expert in Criminal activities. He has cheated my family & me through Investments frauds of various kinds for nearly ½ a million USA $ in the Arab Gulf & disappeared. He was the Director of Wall Street Banking Corporation, Cook Island at the time & before creating a Trust of convenience to get out of it. Should SFO NZ, or any other Agency asks me to provide proofs of Fraud, I will be more than glad to do so. I have a lot of correspondence from Riaz Asgar Patel both by Emails & WSBC Cook Island Letter heads. I too was threatened of Legal action by him in one of his letter. He is a lire of the first grade. When I reminded him of his Judicial custody in India, he was really upset. & started threatening me with legal action trying to spoil the name of his family. But I know his family has no good name, just a very bad. They have their finger in every illegal activity, they survive well in India as it is a soft Country. They know from past experience how to delay cases unyill things are forgotten, & they are out of it as innocent. They do most of their illegal activities through highly paid Proxies, & should it back fire, they squarely disown the responsibility & say they were not the one who did it. These are the established, tried & tested tricks they are progressing successfully all the time. I am very confident this time they will be brought to Justice & I will be too glad to Assist with any Agency on this plannet, any where Any Time Any Place. These chaps are a biggest menace to the Society, & shame to Indian Nation.

Mr. Raiaz Asgar Patel’s designated person in writing below
Mr. Ajmal Bashir sent us an Email dated 25-06-2001 , cc to Riaz Asgar Patel.

after the Corporate bonds amounting to 200,000.USA $ slipped into their (WSBC) hands for selling at a Bond up beat market, which they did not do so & much after the unsolicited debt was formed secretly, The benefits offered are the following below provided we keep quiet & not to keep complaining to any one on the issue. Also a threat should we do anything contrary we will be bound by consequences.

a) There would be no interest cost to us on the Debt.
b) Our Cash flow will not be affected, means all interest received from our bonds will be passed to us every 6 monthly.
c) The positions could be held indefinitely, as there is no cost associated with the same. If no cost, why Bonds held for a debt of USA $.147,818.96. ??
d) So now they are holding our bonds past 9 years not passing interest to us nor sending the bonds back to us. Nor remitting money in the Account. So what is what with these criminals ?? WSBC Managed by Patel’s.

This above is what exactly not understood by any one in Cook island Regulatory or in UAE Central Bank. So now the Regulators must understand what all hand twisting methods this WSBC Management are doing with their gullible,help less clients & ignorant Regulators too.

get a proper lawyer and stop whinning............

Wall street banking Corporation, Cook Island, is a brain child of Riaz Asgar Patel well trained by his father & business promote partner Asgar Shakoor Patel both men with natural talent for forgery, manipulations, lies, & disowning any wrong doings always are the promoters of the below bank & are from India. I wonder why Indians should have floated a Bank in Cook Island during those bygone years, to keep whose money & from where did the Capital come from to promote a bank of 150 Million USA $.at Cook Island. They have also said they had all required permissions from India for such a venture. Din’t then Indian Administration know what was behind these people mind, to start such venture out side their borders. Today they have brought a big shame to the Indian Nation, with their involvement in so many nefarious issues they are implicated in. Surely there could not have been a smoke without fire. Below is the current description of the WSBC Bank, contrary to what they have, published in flashy hand outs, & Bank infrmation material distributed to gullible clients world wide to attract to join them.

pl. read the current Description of the WSBC, written by Press in NZ. Shocking !!

Two men pull into a carkpark at the Wall Street Banking Corporation. Their car: a pale metallic green, early 1990’s Nissan Sunny.
Thrumming busily, as if stuck permanently on choke, the small Japanese motor is a poignant reminder of fading prestige among offshore bankers.
Rusted out gutters, door panels loose, flapping as slow as a drugged chicken, the Sunny rolls slowly through rain-filled potholes into the gravel carpark.
Opposite the international airport on Rarotonga, capital of the Cook Islands, a low level building features a kebab café, a lolly bar, boutique, a DVD shop, and a door leading upstairs to a second storey office signed with the words “Wall Street Banking Corporation.”
Played out a few years ago, the scene is observed by an island journalist, munching thoughtfully on a lamb kebab, roughly 11,233 kilometres to the south west of a namesake in New York, USA.
Grandly named, Wall Street Banking Corporation has become a symbol for a watershed moment—for when the rats desert the sinking ship of what the Economist describes as “casino capitalism”.
On an island of less than 10,000 people, everyone knows each other’s business, locals noting a car always full of rubbish, plastic bottles, newspapers, takeaway wrappings and cans, the dashboard silted, yes, dustily.
According to a New Zealand magazine, owners of this shambling affair may be a front for the world’s most dangerous terrorist financier.

Investigation,better late than never & will reveal many Mysteries to cleanse your country of Evil doers, Wolves in Lambs skin.

A question For Mr. Sunil Madhok Ex CEO of WSBC Cook Island & a Citizen of NZ. We had received several documents from WSBC, CookM Island & on their official stationary/letter heads. Most of them are with your Signature, but with Rubberstamp/facsimile affixed. Are you aware of it or do you disown the same. Are these documents genuine & were initiated by you or not, If YES, why they were affixed with Rubber stamp.

Why did you not sign them original. NZ Government should know there are crooks like you who worked for Riaz Asgar Patel & you too area party in the Fraud. You too were his mentor apart from his father. Why did you allow this to happen. I request all or Any investigating Agencies Investigating the matter to book you too, as you too are a very important spoke in the FRAUD GIANT wheel & are you not ashamed being a NZ citizen, of Indian Origin.

SFO probe 'frustrating', you are not alone
Last week, Reliance Money had exited Wall Street Finance by selling its entire 36.8 per cent stake in the company for over Rs 22 crore.

Riaz is innocent and not a fraudster

Riaz Asgar Patel truly Innocent, !!?? & not a Fraudster is what Tariq says above. But they are birds of same feathers, one compliments the other. Birds of same feather, if it is the same TARIQ i know.

Riiaz Asgar Patel, is a well experienced fraudster with several years of experience & having enough connections with other fraudsters to get his Fraud skills up dated periodically. & there is no shortage in India for these type of experts for him to export to COOK ISLAND , Dubai or else were. (RAVI SHANKAR,Ajmal Bashir, Laxman, Tariq are a few to name.) It is rumored the latest & future, destination of RiazA Patel could be THAILAND,if he is allowed to leave NZ. Riaz Asgar Patel Is a well planned Fraudster & organized Fraudster. When He has a Fraud project, he hires hands on adhoc basis, briefs them in advance, mix them up with a few old time employers of his fathers concerns as required to keep a dual control. The adhoc ones will be the dedicated ones for the said project. Ones the fraud is accomplished, he releases the adhoc hired ones, all reasonably paid out of the looted corpus & Visa for stay in respective countries provided for the loot. . But at all times he keeps the Remote control or the Joy stick of Fraud directing in his hand for directing the fraud to the FOOT SOLDIERS he engages, Whenever or where ever needed. He used one Hammeem Khaizer of Mumbai at Dubai in that manner. Mr Khaizer wrote to me he is contacting me as per Riaz A Patel’s orders.

Further, he & his father have all sort of resources in house for a multiple frauds through multiple LOGISTICAL resources which they hold.& own. That is why he escapes in many cases. In everything his name will be found , but he is innocent EVENTUALLY. Because all that happens is made to happen in such fashion he & his father are safe. If you meet them, they will straight tell you, we did not do it. You dealt with our Employee, & he has quit the job & we do not know their ware abouts. If you follow them, they will say,, sorry our Lawyers have advised us not to communicate with you any more, So they end the issue abruptly then disappear.
They have a Bank in Cook Island which suited them well, They have a Courier service company all over India, connected with other larger providers for secretive or easy movements of merchandise & other activities in real time. Has Money Exchange business all over GULF, Middle .East. Head quartered in Dubai, so they can sit in that business and illegally carry out COOK ISLAND related business.. Several other smaller companies licenses in Trading in Dubai, for Visa & other activities. Always in touch with VIP as their sponsors in respective countries for legal protection, & informing the clients their clients, so to show their clout in the Region. Entertaining Embassy staff to appease them for any unseen calamity always round the corner. So such a person is a innocent is what one TARIQ calls him. Mr.TARIQ , you too are a more innocent Champion Sir. That is why you joined him as the WSBC Director, for a short period Your details must be at Company Registrar at Mumbai India. Governments can dig it out when required.

These are the ORIGINAL Emails received from Mr. Riaz Agar Patel, (1) he confirms Mr.Ajmals Email dated June-25th-2001 to forego & waiver on the Interest on loan they fabricated without any request from us, nor with Debt Disclosure Docs. Mandatory for such transactions signed by the requester. If the loan islegitimate, then, why is he giving a waiver. So they asked us to stay with Loan entries for a ahile & they will lift them from our books. Probably to appease us & silence us from complaining & proceeding further, he was doing all this.

pl see 2nd Email. He confirms his total involvement.
He says he is holdaying while we were burning in hell fire with his fraud. He confirms that there is a problem, assures to fully satisfy us. Later says he will stop writing to us. He says he wll make us happy & then disappears. He sends a copy to his email address else were,it appears. While he was writing these Emails I wonder why did he do so.

Ajmal Bashir was assigned to us by Riaz Asgar Patel through a letter signed by Riaz Patel him self.

(1)
Return-path:
Date: Thu, 09 Aug 2001 11:38:35 +0400
From: riaz@wallstreet-corp.com
Subject: pending issues
To: carl@emirates.net.ae
Cc: smadhok@xtra.co.nz
X-MIMETrack: Serialize by Router on WSEC_S1/WallStreet(Release 5.0.4 |June 8,
2000) at 08/09/2001 11:38:49 AM

Wall Street Banking Corporation ltd. Cook Island, NZ

Attn: Mr. Riaz Patel, Executive Director, Mr. Sunil Madhok CEO

Dear Sir:

This is Riaz. I have been on top of all your matters and infact that letter that required the waiver went out on July 31st. I do not know why it has not reached you.

anyway, I will check with Sunil Madhok and ensure that he sends you another copy. I am currently in Sydney, Australia and I will liaise with Sunil on
phone and see that whatever you need will be done.

Please let me have your fax numbers as I will have Sunil fax the details to you accordingly.

This refers to all your recent emails.

regards

Riaz
=============================

(2)

Return-path:
Date: Thu, 09 Aug 2001 11:54:25 +0400
From: riaz@wallstreet-corp.com
Subject: replies
To: carl@emirates.net.ae
Bcc:
X-MIMETrack: Serialize by Router on WSEC_S1/WallStreet(Release 5.0.4 |June 8,
2000) at 08/09/2001 11:54:28 AM

Dear Sir:

I spoke to Sunil on phone and he has confirmed that he has sent you via fax 2 communications. Now, please send back to him a detailed list of queries
if you still have pending issues. Now with regard to the trades doen that we will have to ask Ajmal itself and I believe that many attempts that Ajmal
has made to come and see you were cancelled by you and this has been confirmed to me by Haameem as well.

In any event, Mr. Colaco we would like to solve all your problems to queries and rest assured will satisfy you.

I have noted your emails of frustration and suspicions etc but please be assured that we are honorable business people and an honorable group and
have no intention to give you any problems intentionally.

This is the holiday season and everybody or the other are on leave including myself and such things go happen, unfortunately it has happened in your case.

regards

Riaz

INDIA. MUMBAI: Financial services firm Wall Street Finance today said its board has appointed B K Modi as the Chairman of the company.

Meanwhile, Asgar S patel, Areef A Patel and P S G Nair have resigned from directorship of the company, the filing added.

The board of the company at its meeting held on October 9 had reconstituted the board of directors of the company, Wall Street Finance said in a filing to the Bombay Stock Exchange

Here we go again!! SHERLOCK HOLMES spinning his conspiracy theory. Reveal you name MR MANAGER!! and did you say you LOST 500 k or you dont know what you did and didnt do? Did you know who you worked for at least?

Why befriend anyone, you know you the manager come forth and lay it all out?

No one will take an anonymous writer least of all people that have been writing all over this PALLETE of NBR press only to realize that this matter has no apparent outcome except that of a disgruntled staff or biz partner who has nothing better to do.

Get a life and get something to do!!!

This is getting to be a JOKE.

from someone who has been reading and watching the circus!!

But is Wallstreet Exchange now owned by the EMIRATES POST which is like NZ POST. Does that mean EMPOST is involved in funny business???

I just stumbled on this thread here and I was pretty much delighted, although some of us have fallen to this scam already and are in a big mess whilst we try to retrieve back our funds. This is a big scam perpetrated by this ever changing company called WSD (Wall Street Derivative) and its allies scattered across some investment havens.

After lodging in some huge amounts with WSD Global Markets via their website http://www.wsd-nz.com/, I was drawn to the very simple fact that I couldn’t withdraw at all when I wanted to. I have made numerous contacts via email as well as calls, but my efforts have remained futile. It has been somewhat noted this company seems to be regulated by the NZX (New Zealand Exchange). It becomes even more worrisome when I got to discover the real owner behind most of WSD (Wall Street Derivative) to be Mr Riaz Patel. I have made enormous efforts in trying to contact him as well, this has also failed in this regards.

A google check got me really troubled as I discovered that the “WS” in the name stands for “Wall Street”, which is the overall brand name of the international group of companies. But they have many offshoots. WSD in New Zealand stands for “Wall Street Derivatives”, whilst there has also been in this country a WSBC Financial Ltd (Wall Street Banking Corporation, in case you’re wondering), a WSD Financial Group Ltd (formerly WSBC Financial Group Ltd), a WSD Financial (NZ) Ltd, WSD Intellectual Property Ltd, and Wall Street Derivatives Ltd. Some of those companies have chopped and changed names numerous times, and that’s just the New Zealand entities.

WSD NZ’s managing director is Riaz Patel, son of a wealthy Indian business magnate, Asgar Patel. The Patel family, or as their business is known in India, “The House of Patels”, is one of that country’s largest family conglomerates, with stakes in transport, courier and logistics companies, and a global financial arm called Wall Street Financial with various subsidiaries spun off under different “Wall Street” brand names. It would be interesting if you look at an article I dug out from www.tgifedition.com dated 13 February, 2009. The headline boldly reads “Tax haven scandal snares Minister, former Minister, Osama’s money movers worked from Auckland office”. This clearly shows how Mr. Riaz Patel has continued to use this network of businesses for Laundering and other illegal practices.

It becomes imperative at this juncture to ask other investors in similar turmoil to align as we can form an army and get our monies back whilst we intimate would-be-victims and help them stay clear of this scam. Mr Riaz Patel should be brought to book and made to pay us back our monies.

Why & WHO IS SHIELDIING THESE GUYS IN INDIA, if they are operating within borders of India. . May not be difficult to conclude.!!!
BROKER SCAM BEWARE
• Posted by r patel on December 11, 2010 at 9:59pm in Announcements
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BEWARE OF RIAZ ASGAR PATEL, ELDEST SON OF SGAR PATEL FROM THE HOUSE OF PATELS IN INDIA; THE PATELS HAVE HAD THEIR BANK, WSBC THROWN OUT OF THE COOK ISLANDS, THEIR COMPANY WSD FINANCIAL AND WSD GLOBAL MARKETSTHROWN OUT OF THAILAND, RIAZ IS PERSONA NON GRATA IN DUBAI, WAS DIRECTOR OF A COMPANY THAT LAUNDERED MONEY IN AUSTRALIA .....AND NOW THIS....THE SERIOUS FRAUD OFFICE HAS RAIDED HIS HOUSE AND BUSINESS IN NEW ZEALAND.....SEE BELOW....NOT TO BE DETERRED...HE HAS IRREPRESSABLY RETURNED TO MOTHER INDIA AND NOW SET UP AS WSD-INDIA....WILL THIS MAN NEVER GIVE UP??????
SFO executes search warrants in WSD Group investigation

The Serious Fraud Office (SFO) today announced that it had opened an investigation into the affairs of the WSD group of companies, executing search warrants at WSD Group’s premises at 475 Mount Eden Road and a private residence in Glendowie earlier today.
WSD was, until recently, controlled by former Wall Street Banking Corporation Director, Riaz Patel. The investigation involves WSD Global Markets Limited, WSD Financial (NZ) Limited, WSD Financial Group Limited and others. WSD Global Markets Limited is accredited as an NZX Futures and Option Firm. None of the other entities are accredited or regulated by NZX.

SFO Chief Executive, Adam Feeley said the investigation had been coordinated closely with the NZX and Securities Commission.
Mr Feeley said that WSD has actively promoted New Zealand as part of its marketing strategy to investors stating (on its website):

“New Zealand has developed a sophisticated, unrestrictive business environment that competes aggressively in world markets. Geographically New Zealand has the advantage of being the first country to start the trading day being midway between the USA and Asia. This advantage is further complemented with political stability and world class, business orientated, governance…. With new initiatives it has grown into a financial services powerhouse in the Pacific with regulations that add support to the industry. More and more international investors are now looking to New Zealand for investments and related services.”

“Most of the investors in WSD are overseas residents, so it is important that the SFO does all it can to protect New Zealand’s reputation amongst both domestic and international investors as a well-regulated and safe place to invest.” The investigation centers on allegations WSD has failed to correctly account to investors for funds received.
In 2008 the Cook Islands Financial Supervisory Commission placed WSBC in statutory management and revoked the banking licence with effect from 31 December 2009.

My comments now is
In spite of informing RBI, Finance Ministry & SEBI the facts, Apparently they were satisfied with what they received from SFO NZ in 2008, but that what they received was a mere crap. SFO Now says they never INVESTIGATED WSBC in 2008. I have copied this article from NZ Site via Google. So how did Govt. of India ED Department accept a report which was never investigated & keep quiet in my issue? Why till now silence is maintained by our Govt. Institutions.

Mr Feeley, said, “There is a misconception that the SFO has previously investigated WSBC. In 2008 we simply to provided assistance to the foreign authorities who were investigating WSBC. The file was closed once that role had been fulfilled.”
Mr Feeley added that the investigation was the twelfth major investigation commenced by the SFO this financial year.

Adam Feeley, Chief Executive ,Serious Fraud Office;Phone 021 333 539 NZ

Note to editors, Background of WSD Group

WSD describes itself as “an international company that specialises in Foreign Exchange, Precious Metal, Futures, Options, and CFD’s.”WSD is believed to be operating in New Zealand, Australia, Kenya, India, Thailand, UAE and the United States. SFO provided assistance to Cook Islands and Indian authorities in 2008 when those authorities investigated WSBC and Mr Patel in 2008. A former representative of one of the firms under investigation has alleged that the WSD group of companies is nothing more than a “Ponzi” scheme. Thai Securities and Exchange Commission terminated WSD Financial (NZ) Ltd's futures trading license on 8 June 2010.