WSD listing delayed
The public listing of international broking house WSD Financial on the New Zealand stock exchange remains on track, even if it is taking slightly longer than expected.
The listing, which is being carried out through Tasman Capital, was expected to be completed by the end of last year, but has not yet taken place.
Tasman capital managing director Joseph van Wijk says the listing will be completed shortly and that NZX still working through the application.
He says there were some unexpected delays in getting the compliance document completed, with the Christmas holiday period causing further delays.
Despite the volatility of the economic scene, Mr van Wijk says he believes helping companies with their listing was something that still works well in both good and bad times, provided the company being listed has good prospects.
“Our method is a very cost effective way and is not necessarily accompanied with a fundraising from the public. I think WSD in particular is a good company to list because it is somewhat counter-cyclical. Its global clients are looking for ways of reducing and hedging risk, and futures and options is a way to do that.”
Last year Cooks Food Group listed on the NZX under a compliance listing carried out through Tasman Capital, with the investment company also facilitating the listing of electrical technology company Pulse Utilities.
Cooks is looking for the money to pay for the acquisition of Goodman Fielder's Diamond Pasta and Meal solutions business and DYC vinegar business. That deal is due to be completed by the end of April.
Tasman Capital chairman Keith Jackson says the Cooks listing also took longer than expected to complete and the same thing was now happening with the WSD listing.
“A bit of optimism is always nice at the start of these ventures, even if it isn’t always totally accurate. But Tasman’s role is to bring the customers to the market and is still on track to facilitate an average of two listings every year. We are currently working on several new projects and expect to make further listings in the future.”
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Comments and questions40
The WSBC Client, against a defrauding member of the FSC is an ELIGIBLE CLAIM,
The SFO, Cook Island, who had originally issued a Banking License to WSBC (Riaz Asgar Patel , His father Asgar Shakoor Patel & rest should now constitute a ARBITRAL TRIBUNAL along with other concerned or Related Departments of Cook Island to address the Appellant pending dispute with their licensed Institution. Even after the Resignation of Riaz Asgar Patel, the same family has been allowed by FSC , Cook Island to continue & accepted fees to operate WSBC under the trust too. There is a TRUST already, established by the respondent, hence the FSC, Cook Island, should pursue THROUGH that Trust Established by the Original promoters of WSBC Cook Island for the benefit of the defaulting members of FSC & show it is transparent in issues.
Issue arises as WSBC is not settling the Appellant issue of FRAUD done by the Promoters & still held closely within the family members with total Conflict of interest. It is a TRUST OF CONVENIENCE apparently.
Appellant is not of the view, that if Annual fees for operating a Bank in Cook Island, are accepted then WSBC, Cook island is Empowered to do anything they want. It is not that in good times, & Fees are enjoyed by the FSC, Cook Island, And bad times & fraud by their member who has a license from them to operate can get away with the Moral Responsibility or Commercial Ethics. It is not only in good times are enjoyed by FSC & Bad times to be suffered by Appellant Clients of the bank.
WSBC Cook Island, must be directed by FSC, or Compliance officer, that a claim made by a Banks aggrieved Client against a defrauding member of the FSC is an ELIGIBLE CLAIM, to be dealt through the FSC Regulator, as the ultimate onus of giving a license to such questionable folks lies in them. FSC, COOK ISLAND Cannot disown its responsibility totally & distancing it self at this crucial moments & ordered to WIND UP ITS OPERATIONS. It has been ordered to wind up because of several other irregularities, we read.
Mr. Riaz Asgar Patel of India is the CEO of WSD!!. It is a blessing in disguise, if the Listing is delayed. Let all the skeletons of his past deeds fall from the cup board, before the listing is permitted. Any way NZ is going to get a vast & wealth of experience from Riaz Asgar Patel. At the end of the day, hope it is not going to another WSBC, “Rats abandoning the sinking ship”. But for sure & without the slightest doubt, the Cargo in the ship should have been already diverted in good time by the pirates. If NZ has to admire him, then Riaz Asgar Patel is a specialist CEO. Not an ordinary one. All these years he had CEO’s working for him, & he was a Director or MD. Now why is he demoted?. He deserves to be the Director any day.
Mr. Riaz Asgar Patel cheated us & then disappeared in the year 2001. He stayed in WSBC Cook Island as a Director UPTO some were around early 2003. Then created a Family Trust & passed the whole holdings of the Bank with Asset & Liabilities to the newly created TRUST, where his aging father & young children are beneficiaries, as per reports I read on Web now. Also Riaz Asgar Patel Resigns there after from WSBC Cook Island. Board.
So now what difference did it make for his personal well being. Did it hurt him. ??? Nothing. He did all the loot he could during his stay at WSBC Cook Island from the Banks client & the looted assets of the client he has passed on to the TRUST. So now it is obvious, ones his fathers passing away he will be replacing his father as the member of the Trust & be a beneficiary inheriting all that is in the Trust. Still All in the family. What is all this. Isn’t it a mockery of Justice. De gradation of the Rule of Law. & Criminal Justice system. This is a TRUST of Convenience, to hood wink Justice isn’t it. Any way, I do not know what is in store for the New companies he is trying to Promote in NZ. Time will tell. I think past performance about the guy is enough of a good testimony what the future will hold. Good Luck KIWIS
Mr. Riaz Asgar Patel,
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.
Presumably, The below 2 lines were unfortunate and should have not happened but for the greed of a few politicians of certain countries in the past.
“Although managing director Riaz Patel has no convictions for any illegal activity, he has been connected to money laundering”
I can 100% prove Riaz Agar Patel’s illegal activities of the past specially in & from Arab Gulf countries. But in the Gulf it is not what you know, it is whom you know matters a lot. In these City countries. I have communication signed by him locally in WSBC Cook Island Letter heads. Will he dispute if he dares. We have pictures he posed with certain Diplomatic staff in Gulf area. To manifest his connections & frighten his clients who were suffering from his fraud for more than half a million USA $. Just one party, there can be several. We need the list of his Clients at WSBC Cook Island from UAE, to find out more.
Mr. Riaz Asgar Patel was involved in cheating & Fraud operations with us in 2000/2001. He illegally operated through his fathers concern in Dubai. WALL STREET EXCHANGE CENTRE,. Dubai UAE
I HAVE SERIES OF Email communications from him in our issue from UAE & also while he said he was out side UAE. . He hired staff to work for Wall Street Banking Corporation COOK Island locally & deputed staff to hook clients for WSBC Cook Island. He was heavily advertising in UAE papers soliciting clients for his Cook Island Business. I have all the proofs who ever wants, may it be SFO NZ or FSC Cook Island to prove what I say is truth. He has issued letters to us to accept some of his staff as WSBC COOK Island Employees. When we contacted the UAE Central Bank Governor, on this fraud, they did not understand how 20% Margin trading works, still they suspected fraud as we were told, But after a while the whole thing got diluted perhaps the intervention of their powerful sponsors of business in Dubai. UAE Central bank told us they have only given Riaz Asgar Patel’s father a Money exchange License & not a Banking License, & what ever they did through Dubai, unfortunately they have no Jurisdiction to do anything as the WSBC is Registered in Cook Island. He has experts in Frauds being employed on Regular basis. I ave various correspondence from him he telling me whom I should be Talking to in Dubai etc. Can he dare to say no, say IF YOU DARE Riaz Asgar Patel.? I am waiting for your reply Sir.
Presumably, The below 2 lines were unfortunate and should have not happened but for the greed of a few politicians of certain countries in the past.
“Although managing director Riaz Patel has no convictions for any illegal activity, he has been connected to money laundering”
I can 100% prove Riaz Agar Patel’s illegal activities of the past specially in & from Arab Gulf countries. But in the Gulf it is not what you know, it is whom you know matters a lot. In these City countries. I have communication signed by him locally in WSBC Cook Island Letter heads. Will he dispute if he dares. We have pictures he posed with certain Diplomatic staff in Gulf area. To manifest his connections & frighten his clients who were suffering from his fraud for more than half a million USA $. Just one party, there can be several. We need the list of his Clients at WSBC Cook Island from UAE, to find out more.
Mr. Riaz Asgar Patel was involved in cheating & Fraud operations with us in 2000/2001. He illegally operated through his fathers concern in Dubai. WALL STREET EXCHANGE CENTRE,. Dubai UAE
I HAVE SERIES OF Email communications from him in our issue from UAE & also while he said he was out side UAE. . He hired staff to work for Wall Street Banking Corporation COOK Island locally & deputed staff to hook clients for WSBC Cook Island. He was heavily advertising in UAE papers soliciting clients for his Cook Island Business. I have all the proofs who ever wants, may it be SFO NZ or FSC Cook Island to prove what I say is truth. He has issued letters to us to accept some of his staff as WSBC COOK Island Employees. When we contacted the UAE Central Bank Governor, on this fraud, they did not understand how 20% Margin trading works, still they suspected fraud as we were told, But after a while the whole thing got diluted perhaps the intervention of their powerful sponsors of business in Dubai. UAE Central bank told us they have only given Riaz Asgar Patel’s father a Money exchange License & not a Banking License, & what ever they did through Dubai, unfortunately they have no Jurisdiction to do anything as the WSBC is Registered in Cook Island. He has experts in Frauds being employed on Regular basis. I ave various correspondence from him he telling me whom I should be Talking to in Dubai etc. Can he dare to say no, say IF YOU DARE Riaz Asgar Patel.? I am waiting for your reply Sir.
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 hr 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 ???
Listing Delayed.!! i am glad to give more details of frauds by Riaz Asgar Patel & his dirty Team.
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 as well as ignorant Regulators too.
Listing Delayed? there are a lot of Skeletons in WSBC, Patel's cupboard. He is not innocent.
Perhaps, This is what the Regulators at Cook Island, did not know to recognize the Fraud, by Riaz Asgar Patel & his WSBC at Cook Island. But we have informed them several times. Only now they found The promoter Mr. Riaz Asgar Patel’s, WSBC is unfit to run a Financial institution? . Was he any better 8 years back, in spite of we writing to them more than 70 letters. Perhaps International pressure has mounted
A basic, understanding of Margin Trading, source an Universal understanding.
Margin Trading uses, leverage to allow traders to gain exposure to contracts which carry a large NOTIONAL amount, but without having to put the full value of the contract. You might view it as speculating on the prize of a house, but without physically having to buy the house.
Contracts for (CFDs) can provide you with leverage for individual stocks. Traders must deposit funds & then can trade on the prize of movement of a block of shares. A stop loss is an order which is put into the market to prevent losses getting out of control. Traders use stop loss in all markets. Some financial products providers insist on their clients having a stop loss entered, as this means that their clients cannot lose money which they do not have. Was any one at WSBC running short of this.
The large notional values on Individual stocks, under 20% margin Trading Agreement had sufficient Margin Money of 35,000. USA $ in the clients account to meet the Margin premium to square the positions of Notional values, why it did not happen ?? Whose deliberate Lapse??? Who manipulated books & Accounts under Riaz Asgar Patel’s Leadership. As of Dec-13th-2000??? He has to explain item by Item, day by day to the concerned in days to come convincingly. How notional values changed to be Physical buying or Delivery taking by Dec-13th-2000 & later shifted to a new Invest account from a Current Account. Really a treacherous & dangerous bunch of folks is Riaz Asgar Patel.
It is like totally manipulating a DNA of a Financial product, pre understood & agreed. But since of his arrogance he was quite comfortable all this time, We thank God, he is now under scanner, this scanner will not fail to judge him under the Rule of Law & get us justice.
Listing delayed? there are a lot of Skeletons in Patel's cupboard. He is not innocent.
Perhaps, This is what the Regulators at Cook Island, did not know to recognize the Fraud, by Riaz Asgar Patel & his WSBC at Cook Island. But we have informed them several times. Only now they found The promoter Mr. Riaz Asgar Patel’s, WSBC is unfit to run a Financial institution? . Was he any better 8 years back, in spite of we writing to them more than 70 letters. Perhaps International pressure has mounted
A basic, understanding of Margin Trading, source an Universal understanding.
Margin Trading uses, leverage to allow traders to gain exposure to contracts which carry a large NOTIONAL amount, but without having to put the full value of the contract. You might view it as speculating on the prize of a house, but without physically having to buy the house.
Contracts for (CFDs) can provide you with leverage for individual stocks. Traders must deposit funds & then can trade on the prize of movement of a block of shares. A stop loss is an order which is put into the market to prevent losses getting out of control. Traders use stop loss in all markets. Some financial products providers insist on their clients having a stop loss entered, as this means that their clients cannot lose money which they do not have. Was any one at WSBC running short of this.
The large notional values on Individual stocks, under 20% margin Trading Agreement had sufficient Margin Money of 35,000. USA $ in the clients account to meet the Margin premium to square the positions of Notional values, why it did not happen ?? Whose deliberate Lapse??? Who manipulated books & Accounts under Riaz Asgar Patel’s Leadership. As of Dec-13th-2000??? He has to explain item by Item, day by day to the concerned in days to come convincingly. How notional values changed to be Physical buying or Delivery taking by Dec-13th-2000 & later shifted to a new Invest account from a Current Account. Really a treacherous & dangerous bunch of folks is Riaz Asgar Patel.
It is like totally manipulating a DNA of a Financial product, pre understood & agreed. But since of his arrogance he was quite comfortable all this time, We thank God, he is now under scanner, this scanner will not fail to judge him under the Rule of Law & get us justice.
Law of the Land Shall prevail always.
Mr. Riaz Asgar Patel & his father distributed to us flashy Company Bulletins in the year 2000/2001 about Wall street Banking Corporation (WSBC) Cook Island which high lighted similar claims as we see, below in WSD Company profile. But then as we read now, WSBC has been told to pack off from Cook Island. They say Riaz Asgar Patel is not a Professional to Manage Financial companies. If WSBC Promoted by Riaz ASgar Patel & his father could not work well & survive in Cook Island professionally, how did it work well in NZ I wonder. From where did the professionalism come from. May be a lot of Assets of WSBC Cook Island might have migrated to NZ as contribution from Patel’s side. So the Corpus at WSBC Cook Island has found a refuge at NZ.Is all this Corpus is clean or Dirty? Has any one verified & questioned what is the color of this corpus that has come in to NZ through Patel’s from Cook Island. From where did they generate these amounts, its source etc. If they could rum WSD from year 2005 till date, how & where did they fail in COOK ISLAND. They had the operation running in Cook Island much over a decade!!!. The same song was sung to us earlier through flashy book lets, but their operations is under closure for unhealthy reasons, we read. What guarantee is there, the same wont be repeated in NZ too in future. I only hope some one writes to me I am wrong.
Mr. Riaz Asgar Patel, you always promise moon to entice clients, but you are a fraudster in our case. You thought you wont be caught, but now we are going to get you, if God wills. Hope NZ wont repent if they allow you to go ahead. Your Assets must be Investigated as to how did you acquire such sums to Invest. Whose money is this you are Representing Sir? Hiow in the past youn have cheated your Bank WSBC Clients Sir. & disappeared. You made your staff stop writing to us. You thought there is nobody will stop you. Here you are, YOU WILL BE. You shall be brought to Justice in our case.
Long live the below phrases, hopefully !! Under Riaz Asgar Patel being the CEO. !!
WSD Global Markets Ltd. is one of the fastest growing financial services
companies in New Zealand offering clients across the globe exceptional,
personalised services with the help of modern trading tools and state-of-the-art
trading software which is sophisticated, user-friendly and provides a winning
edge. WSD Global Markets Ltd. is the choice of beginners, experienced individual
investors, institutional investors, fund managers and/or corporate institutions
looking to safely and securely invest in Foreign Exchange, Precious Metals,
Futures, Options, CFDs and virtually every financial instrument
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http://x0hn1mc1ihf397d4.com/
What is that you want to say. Your Sites are not opening. Strange.
Delay 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.
TARIQ ??? I have on record a Tariq who has signed one of the Bank statements of Fraud Debt created by WSBC Cook Island., & as the Director of WSBC. Is it you who are commenting it above. You are the one who gave the Delhi Address in the Registrar of Companies affairs at Mumbai, INDIA & when a certain Lawyer sent the Notice to that address, it got returned as “ the person is no more on this address and has not left any Forwarding Address. “ Well if you are the Same TARIQ, it is not surprising. Are You the one who joined RAP in DUBAI & signed as Director of WSBC of COOK ISLAND. You are aware, if RAP is grilled in the Asian fashion, & not in European, the beans will be spilt. He is prepared for a mild European fashion grilling. Because he knows he will go back to his original country (INDIA) to enjoy the looted Wealth with his next generations. He is a hard core Doctorate in fraud with experience from his child hood. If it is you, You are no better than RAP. Don’t worry, your time too is close. There is a big welcome from Investigating Agencies awaiting you all guys many places, I here. Most of you guys are birds of same feather. I think the word INNOCENT has a different meaning in your Dictionary. Keep it up & say it with a HIP HIP HURRAIH
TARIQ ??? I have on record a Tariq who has signed one of the Bank statements of Fraud Debt created by WSBC Cook Island., & as the Director of WSBC. Is it you who are commenting it above. You are the one who gave the Delhi Address in the Registrar of Companies affairs at Mumbai, INDIA & when a certain Lawyer sent the Notice to that address, it got returned as “ the person is no more on this address and has not left any Forwarding Address. “ Well if you are the Same TARIQ, it is not surprising. Are You the one who joined RAP in DUBAI & signed as Director of WSBC of COOK ISLAND. You are aware, if RAP is grilled in the Asian fashion, & not in European, the beans will be spilt. He is prepared for a mild European fashion grilling. Because he knows he will go back to his original country (INDIA) to enjoy the looted Wealth with his next generations. He is a hard core Doctorate in fraud with experience from his child hood. . If it is you, You are no better than RAP. Don’t worry, your time too is close. There is a big welcome from Investigating Agencies awaiting you all guys many places, I here. Most of you guys are birds of same feather. I think the word INNOCENT has a different meaning in your Dictionary. Keep it up & say it with a HIP HIP HURRAIH
Riaz Asgar Patel of WSBC, & CEO of a new company Is innocent.?
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.
It will be highly beneficial & effective for several world Sovereign Government .Agencies join together and conduct a joint well co-ordinated Investigation with Regards to Riaz Asgar Patel & his father Asgar Shakoor Patel & the others team members as 1) Mr. Sunil Madhok NZ, Mr. Ravi Shankar Cook Island,India , Mr. Tariq DUBAI, Delhi/Mumbai,India, Mr.Alamal Bashir Dubai/ Kerala, India, Mr. Laxman Dubai/Kerala India/USA, Mr. Haameem Khizer Dubai/Mumbai,India, This will reveal a lot of their greater Agendas, & conspiracy in the other wider issues, Riaz Asgar Patel has been implicated with Money Laundering, Terrorism, It is not at all difficult if there is a will with concentrated efforts by forming a single agency to represent various Governments and pursue the matter seriously. All these activities can not be performed by one man, & visa versa a team of foot soldiers cannot function or perform, without having a King Pin, who is Riaz Asgar Patel. Ones these are surrounded the other accomplices will be brought to light. With their Indian Exposure, they are fully aware how to make matters more confusing & time consuming for Investigating Agencies. More over due to the mild punishments meted to such Criminals by Western Standards, they are all well prepared for under going, & still commit the Crime. Because with such mild punishments they still have ample time left, to enjoy the looted wealth back home in India with their near and dear ones. Asian criminals& crooks are hard core, & can not be melted easily. Western standard punishments area a luxury for these Criminals. They are all well prepared for it, unless the punishments are harsh and biting. The confiscation of ill gotten wealth should remain one of the main deterrents, even if they are held in Binami names who cannot explain source of acquiring.
The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."-Albert Einstein
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Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful and beneficial to your readers.
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Hahahaha!! what a laugh!, Is this guy crazy or a lunatic. What a joke! God help free press if the world has lunny tunes such at this bloke.
He seems to have an awful lot of time to write and waste his own time and energy leave alone people who have read through this conspiracy theory saga.
Anything come out of all this? or just another business person being battered?
There should be laws against irresponsible writing and people like this should be prosecuted and punished as they are equally to blame for the way the modern day free speech proponents have gone.
The tormented subject whether right or wrong has handled it well and not replied to this obvious type of muckraking who seems to have nothing to do but keep on writing.
Where did he get his Queen's english from??
He out to get a NOBEL for character assignation
Good luck to him
So mr anonomous, you seem to have gone quite, gotta tell you i had this page bookmarked. Seemed like one of those bollywood tragedies unfolding. not he has gone quite and i miss my weekly entertainment.
All in all i shdnt be laughing, u must be genuinly upset though but dont u think u shd get a lawyer and pay him to hear ur stories?
you are so right, this guy needs to pay a lawyer instead of making everyones life and his own miserable. In the many years that he has been raving and ranting to every conceivable agency in the world, he has not been granted his claim. yet he doesnt litigate why?? it is free to write about anything and anyone.
and he continues to do so it seems...... He apparently did the same to a swiss bank where he had an account till they force closed the accounts and sent him the funds.
It's a good reading, thanks for sharing this.
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I know, sometimes delaying is needed for a projects.
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saby.upadhyay not pay the money in the avscarter why?????
saby.upadhyay not pay th money in the avscarter why???
If you want to learn more about those issues just check out the following links - http://insidernetwork.tumblr.com/ and on FXStreet http://blogs.fxstreet.com/francesc/2010/08/10/london-pearson-ltd-vs-avs-carter-we-urge-an-explanation/ you will find a lot of information
Every one is around, Your time is nearing. People have no time to write, but then they do make some time, if they have to, to expose you. Your paid protectors, say you are not Resident in NZ. If you are not are you a Non Resident now, why? You got your NZ nationality in 2005, can you deny? Any way keep fingers crossed. You will take most of these guys around you to hell.
You have cheated. do not say you do not know me.
meassum01@hotmail.com
WSD: Watch Out Investors! 2 Weeks ago Karma: 0
This is an extract from a blog on fxstreet on blogs.fxstreet.com/francesc/2...r-forex-fraud/.
"I just stumbled on this thread on FXstreet 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 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. Just as Francesc has duly 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."
Although my money was not gulped by this company, my investment was below $5,000. It was interesting the the way trades were executed on this broker. You can get a clear picture of what I'm referring to on
ajmal bashir and his partners are financial fraudsters and they kiss ass and NOT kick ass. they owe money to every other person they interact with.
RIAZ PATEL similar to Dad, ASGAR PATEL - 12-20-2010, 05:18 AM
Hi
WSD was NEVER investgated by the SFO...the SFO will tell you that if you care to ring them;
The SFO simply helped the Cook Islands Securities commission investigate the losses by depositors of USD 10 million or more by Riaz Patels Bank WSBC Bank which they threw out of the Cook Islands 12 months ago;
The Cook Islands Government also tried to track a further 20-30 Million of deposits that were "transferred" to ASP International in the BVI by Asgar Patel (Riaz Patels dad) in the 5 years prior to that...(ASP stands for Asgor S Patel...dads initials...dad thought it would give all of his investors a great deal of comfort to use his initials on the BVI company);
Now the SFO is looking at the son, Riaz Patel and his myriad of WSD initialled companies...not only did he repeat what the father did and leave a new round of investors (depositors) down by losing (spending) their money in the WSBC bank.....he has used your country..New Zealand to present a "clean" image to people world wide to raise further funds for FX trading;
It is hard enough to make money trading FX anyway without giving your principal capital away to someone who wont return it or tries to turn it into capital in his "new" company as Asgar did with ASP International.
View WSD India.....Riaz Patel..having had his company delicenced in Thailand, The Cook Islands, not able to trade in Dubai...he cant return to Dubai..being severely investigated in New Zealand...unable to be licenced in much stricter Australia or USA..has only India left to restart a business in....WSD- India.
Like Maddoff who only scammed Jews, he tends to work off his fathers old reputation as some "magnate" and get mostly Indian people to trust him....so be very careful when you try to support a man who has lost so much money for so many people...mostly Indians of course.
or dont you really care...are you just a "pretend" front for Mr Patel?????
Even Belize has realized the danger of Money Launderers. Find out who was the back bone & who helped this company to promote. Aren’t most of them are Traitors. Exporting their crookedness to loot the world.
Insider Network
Office of the International Financial Services Commission,
Sir Edney Cain Building,
Belmopan,
Belize, C.A.
5 January 2011
WARNING NOTICE
AVS CARTER ASSET MANAGEMENT LIMITED
LONDON PEARSON FINANCIAL LTD.
It is notified for general information that AVS CARTER ASSET MANAGEMENT LIMITED which later changed its name to LONDON PEARSON FINANCIAL LTD., is no longer licensed by the International Financial Services Commission of Belize for Trading in Securities or to provide any other international financial services.
All persons concerned are asked to take note and exercise caution.
GIAN C. GANDHI
DIRECTOR GENERAL
International Financial Services Commission of Belize
http://www.ifsc.gov.bz/notices.html
I read this in a blog and verified it to be true.
The SFO in NZ has cleared WSD GLOBAL Markets Ltd., RIAZ PATEL and related companies of any wrong doing and has closed its investigation. This is a perfect example of the Truth prevailing and finally the blackmailers and people that have consistently lead a smear and hate campaign against the company and its principles have EGG in their faces. It is unfortunate that the various blogs and forums over teh web were used to maliciously damage the companies reputation. However, in the end all that is restored. This is the 2nd SFO investigation into the company's affairs which has been closed and company and its principals cleared.
This post has been written from NZ by a concerned resident of NZ as I just coudnt figure out why so many web blogs and forums were targetting them until I did my own research and it wasnt long before I could find out the facts that there was massive hate and smear campaign led against these people culminating from disgruntled staff and business associates.
Marissa
I challenge you what you are saying is a perfect bull shit. Pl quote SFO Ref. nos. & dates of such announcements in this WEB site. If that is true, SFO might have surely not done about the Wall street Banking Corporation (WSBC) . Investigation at all. I think you are his house maid from Philipines. Well understood. You all are too simple people to understand, in the hands of these Criminals & International crooks. These Patel’s from India are White-collar criminals are comparatively more educated & craftier. They plan their crimes carefully to cover their tracks. They deserve no mercy which NZ SFO must realize.
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