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.[LNB] A BBC report claims Syed left unpaid debt in England between 2001 and 2005.[LNB] Interested party: Ahsan Ali Syed - founder of Western Gulf Advisory - wants Blackburn[LNB]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.[LNB]Syed, who founded the investment company Western Gulf Advisory, declined the opportunity to comment.[LNB] Blackburn takeover thrown into doubt as tycoon ordered to close firmBlackburn confirm talks with Indian tycoon Syed over £300m takeover plot[LNB] 

Source: Daily_Mail