Ahasan Ali Syed to complete due diligence over proposed Blackburn takeover

07 September 2010 12:36
Ahsan Ali Syed is expected to complete the due diligence processinto his proposed £300m takeover of Blackburn this week amidallegations he has several unpaid debts in the UK.

A BBC report claims Syed left unpaid debt in England between 2001 and 2005.

Interested party: Ahsan Ali Syed - founder of Western Gulf Advisory - wants Blackburn

These include a failure to settle a £61,500 county court judgmentmade against him in 2007, unpaid rent of approximately £7,800 on a flathe vacated in May 2005 and unpaid council tax totalling £932.25.

Syed, who founded the investment company Western Gulf Advisory, declined the opportunity to comment.

 Blackburn takeover thrown into doubt as tycoon ordered to close firmBlackburn confirm talks with Indian tycoon Syed over £300m takeover plot


Source: Daily_Mail

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