OFFICIAL RECEIVER PRESS RELEASE ON FIRST SOLUTION MONEY TRANSFER LTD
The much awaited official statement from the Official Receiver, Paul Titherington, has now been published regarding Dr Fazal “Fraud” Mahmood & Co’s First Solution Money Transfer Ltd.
The full extensive statement can be read at the following location The Insolvency Service.
Only time will tell how much of a refund we the Victims of Dr Fraud & Co’s First Solution Money Transfer will get. However it was reassuring to read that although the voluntary agreements with Dr Fraud & Co as well as the Branch Directors has been agreed it does not “prevent a Liquidator from bringing any future legal action, should that be appropriate”.
It was also even more reassuring to hear that the Official Receiver is duty bound “investigate the cause of the Company’s failure” and to “report any evidence of criminality to an appropriate prosecuting body”.
Since we the Vicitms are only being garuanteed a paltry 25% of our original lost money over the next 2 years, it is of paramount importance that root cuase of the failure is found out and a full explanation is given to us as to how Dr Fraud & Co managed to make £1.7m of people’s hard earned money vanish overnight.
THE SEARCH FOR THE TRUTH HAS JUST BEGONE! OR IS THIS A LOST CAUSE FROM THE START!
November 18th, 2007 at 4:09 pm
Someone said a message about Air Shylet being a scam. I too have had heard this it could be after all, it seems sneaky that someone would change First Solution’s name to XTL Ltd or whatever.