Last Solution

What exactly is the latest updates on Dr Fazal “Fraud” Mahmood & Co’s First Solution Money Transfer Ltd?

That is the question on the lips of the thousands of Victims of this scandal but suprisingly they do not know who to ask this question to. Even if they do they are being fobbed off with vague answers, some even refuse to answer.

During the last few weeks there has been very little being communicated by any of the parties involved. The last time I updated this blog was during the tail end of August, when the Branch Directors issued their Press Release.

The BBC radio program Money Box picked up on the story last week. See the following link for more information Money Box. Also click on the Money Box icon and you should be able to listen to the program itself.

Official Receivers

The appointment of the Official Receivers was greatly welcomed by everyone because it was seen as though they will act in the best interest of the Victims and not the “failed to deliver” Directors. But since they have taken over the provisional liquidations of Dr Fraud & Co’s First Solution Money Transfer Ltd there seems to be very little information coming out from them to the Victims. I have personally tried to contact them a few times to just get confirmation of them receiving my claims and as of yet I have not heard from them. They have not yet revealed whether they have concluded their forensic investigation of First Solutions accounts and whether they have been able to ascertain the actual amount of the “failed to deliver” loss.

Mr George Galloway & Respect Party

Mr Galloway and his Respect Party have been spearheading the campaign to get the Victims their money back right from the start. They made a lot of noise and did highlighted the plight of the thousands of victims to the mass media in the UK. Mr Galloway even managed to get the scandal highlighted in the House of Commons through the Westminster Hall Debates. However, as of late we do not seem to hear anything from Mr Galloway or his Respect Party with regards to First Solution Money Transfer.

Mr Galloway have you forgotten about us?

Mr Ajmol Hussain & First Solution Creditors Group

The First Solution Creditors Group was set up immediately after the collapse of First Solution and their objective is to help all the Victims get their money back. They have been asking people to register their losses with them so they can jointly try and seek to get the Victims their money back. They might have played their part in getting the Official Receivers appointed but apart from that there has been no communication with regards to what they are doing to help the Victims thus far.

Mr Ajmol Hussain, a well known local businessmen in the community, is the official spokesman for First Solution Creditors Group. I spoke to him earlier today and he tells me that all the Victims will get their money back, apparently we need to wait until 7th November 2007. I asked him what he meant by that and he tells me that Dr Fraud & Co have been told by the local authorities that if they do not pay the Victims by that date then “they will get nicked”. I’m not trully sure what he meant by that becuase I hope he is not confusing the provisonal court date for the winding up petition which is due to be held that day. Mr Ajmol tells me that he has had almost 900 people registered with First Solution Creditors Group with a total loss of 1.3 million pounds.

Action Committee To Get People Their Money Back

This action group was also set up to hep the victims get their money back but unfortunately I’m not really sure what they have been doing.

Directors of First Solution Branches & Agents

A group of First Solution Branches have got together after the collapse of First Solution Money Transfer Ltd and are trying to mastermind the revival of the company that Dr Fraud & Co run to the ground. They have been in constand negotiation with the failed directors and the Official Receivers and are trying to find a way to repay all the Victims as well as resurrect the potentially lucrative First Solution Money Transfer Ltd. They are quite adamant that if First Solution Money Transfer Ltd does come back from the ashes as a result of them, then they will fulfill their moral & religious obligation and repay every single one of the victims. How they will raise the potential 1.7 millions pound that is owed by the Victims remains to be seen.

It is beleived that they might be closer to acheiving their goal and there should be a press conference held soon to announce the exact Rescue Deal that they have to offer the Victims.

Baroness Uddin & Sir William Beveridge Foundation Charity

Baroness Uddin got such great recognition for helping set this charity up, which was supposed to pay the Victims of First Solution Money Transfer Ltd. However, very little was acheived by this charity. Firstly, the Victims did not want their hard earned money paid back in the form of charity donations. Secondly, the charity did not carry out any sort of fund raising to raise any money. It was annouched last week that this charity that was created to help the Victims of the failed First Solution Money Transfer Ltd had itself failed and was subsequently closing. So much for the praise and hard work of our favourite Baroness, Baroness Uddin.

All in all it is great to hear that people are using this blog as their source of information on First Solution Money Transfer Ltd. I have not given up on getting my hard earned money back and I will not give up that easily. I urge other like me to still keep the pressure on.

Don’t Give Up Hope and I’ll let you know as soon as I get any new information.

This entry was posted on Monday, September 10th, 2007 at 6:31 pm and is filed under FIRST SOLUTION. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.