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Was Terry Serepisos duped?


Watch NBR's Matt Nippert discuss the property developer's $100 million "loan" on TV1's Close Up.

NBR staff
Tue, 08 Mar 2011

Terry Serepisos still hopes that Western Gulf Advisory - controlled by Ahsan Ali Syed (among other things, the owner of a bankrupt Spanish soccer team) - will arrive as promised, and solve his debt crisis.

But across the Tasman, Sydney developer Keith Johnson, who paid up front fees of over $4 million to WGA for a loan that never eventuated, told the Sydney Morning Herald he thought the Swiss-based lender was a fraud.

Has Mr Serepisos been duped as well?

Clickthe image below to watch NBR's Matt Nippert discuss the property developer's $100 million "loan" on TV1's Close Up (note: video requires Adobe Flash so will not display on all devices. A Windows Media Player vesion is also available via TVNZ's site).

NBR staff
Tue, 08 Mar 2011
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Was Terry Serepisos duped?
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