Western Gulf Advisory was a supposed asset management company based in

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...

and Switzerland. It was founded by

Ahsan Ali Syed Ahsan Ali Syed (born 23 April 1973) is an Indian businessman. He is the founder of Western Gulf Advisory, estimated to be worth approximately 8 billion pounds. He is the owner of Racing de Santander Real Racing Club de Santander, S.A.D. () ...

, an Indian businessman. In 2008 Ahsan Ali Syed, claimed to have $8 billion and then formed Western Gulf Advisory. Another employee of Western Gulf Advisory is Omer Khan (their CFO). In February 2011, Western Gulf Advisory and Ahsan Ali Syed purchased the

Racing de Santander Real Racing Club de Santander, S.A.D. (), also known as Racing de Santander () or simply Racing, is a football club based in Santander, Cantabria, Spain, that currently competes in Segunda División, the second tier of the Spanish league syst ...

football club in Spain. WGA was initially touted as a suitor for the New Zealand-based

Wellington Phoenix Wellington Phoenix Football Club is a professional association football club based in Wellington, New Zealand. It competes in the Australian A-League, under licence from Football Federation Australia. Phoenix entered the competition in the ...

football club after its owner

Terry Serepisos Terry Serepisos (born 1963) is a Wellington-based property developer and former owner of A-League association football club Wellington Phoenix. In 2010, he was the host in the New Zealand incarnation of the hit TV series ''The Apprentice''. Aft ...

encountered financial trouble, but negotiations did not proceed after WGA's assets were frozen by a court order. In 2014 Switzerland issued an arrest warrant for Ahsan Ali Syed over charges of fraud and money laundering in relation to Western Gulf Advisory.

References

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External links

Official website
Financial services companies of Bahrain Companies of Bahrain