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MINC Property Enterprises Haroon Mahmood , Kamran Mahmood, Simon Everest, Pooja Lal, MINC Property Enterprises Haroon Mahmood , Kamran Mahmood, Simon Everest, Pooja Lal, Dubai, Internet
IN late 2007 My friend advised me to invest with MINC and buy an off plan property in Dubai.
I had several phone conversations with them and they advised me that if I bought an apartment with them they would have my money safe in escrow until the building was completed.
They assured me I was protected under Dubai law.
They assured me MINC was a prestigious company and my apartment would be delivered to me.
They showed me examples of other investors who were making money from MINC investments.
I trusted in the Brand they were selling.
I transferred all my life savings and took out 2 additional loans in the UK to pay them. I worked 20 extra hours a week to pay these laons and I am still paying them now. Haroon and Mahmood has left my life in ruins. When my wifre found out I lost all our savings she left me and took our 2 kids with her. Now I have nothing.
Since i found out my savings are gone I learned that Haroon Mahmood has stolen 200 million of investors money and fled. He has transfered the escrow monies to off shore companys and then laundered the funds into his wifes and wifes brothers accounts back through Switzerland and into Canada.
They are full of glee. They lied and stole from over 100 investors and need to go to Jail for this.
Further to the initial theft and crime, the Mahmood family are funding terrorism with investors money and are wanted for questioning by the U.S. Federal Marshall and a request has been submitted for extradition on terrorism charges linked to 9/11
2 Updates & Rebuttals
Ex-Employee
London,United Kingdom
Please do not pretend to be me
#3UPDATE EX-employee responds
Sun, December 11, 2011
Having read the supposed ex-employee's description of "himself" it is pretty evident that person described is me, Arron Zubier but this report was not written by myself and I implore whoever wrote it to refrain from doing so in future, if you do have something to say, please do but do it as yourself.
I was previously the Head of Lettings & Property Management for MiNC in Dubai and I was dismissed due to the interference of Farah Mahmood.
I was not privvy to any detailed financial information except for the financial details of my own department and I left MiNC in approx May 2008 at which stage the company was doing well, I have been told lots of information by other ex-employees after my departure from the company and a lot of it is very similar to what has been reported but I can not comment on what I would consider hearsay although I do know that after I left MiNC Dubai I found out that they had securitized the future income of the Dubai rental portfolio and when I subsequently joined the London office on a consultancy basis a lot of the rents that had been received on the London rental portfolio had not been paid to the landlords and had instead been used as company funds and that MiNC were in serious arrears to the landlords, and after working for 3 months to try and resolve the problem I was once again dismissed.
I can not honestly say if there was any wholescale fraud taking place, to me it seems more like a case of mis-management by the Mahmood brothers and main cause of the problem was the London office using Dubai office funds to finance themselves as the London office was constantly running at a loss as well as some dodgy dealing between the brothers themselves, i.e Mrs Farah Mahmood being paid a "consultancy fee" of AED50,000DHMS for work which I carried out as well as the company ordering furniture packs for the Dubai portfolio from a company who Mrs Mahmood brought in and whom quoted approximately AED250,000DHMS more than quotes I had obtained and for lesser quality resulting in a potential loss of AED300,000 to the company without I believe Kamran Mahmood being aware.
Simon Everest is a thoroughly good guy who tried his hardest to resolve the situation to the satisfaction of the clients but was regularly thwarted in his attempts to do so by the Mahmood brothers who were more interested in preserving their own wealth.
loverboy
sheffiled,Other,
United Kingdom
JUSTICE NEEDS TO BE DONE,Haroon & Kamran Mahmood
#3UPDATE EX-employee responds
Tue, October 25, 2011
Unfortunately, I used to work for MinC, leaving approximating three years ago. Staff will know who I am when they read this
I started work in Dubai and lost my job there. Kamran Mahmood felt I had been wrongly dismissed as he knew I was good at it. He therefore approached me and asked if I could to cover a member of Staff in London for a short period of time
I lost my job in Dubai because Mrs Farah Nawaz (Mr Haroon Mahmoods wife) thought that she ran the company and did not like my cost cutting ideas. She thought I was a threat to her, even though she was not an employee of the company. As she is avery jealous woman, Haroon Mahmood had to have a man as Personal Assistant.
I have read all the reports on this web site and agree with all of them, apart for Haroons reply. I feel the Mahmood brothers (Scum of the earth) have not only let their Staff down but also cheated their customers out of their hard earned money which was invested in good faith in MinC projects such as for example the Dubai Marina project. The Escrow law did not kick off when this project was bought out, hence over 35 million AED (5,833,000.00) was used by Kamran Mahmood (from customers money) to invest in other projects that failed without informing even Staff. The Head of Finance was changed three times and each time the Finance Director would leave all of a sudden because they had uncovered irregular funds withdrawn under the authority of Kamran Mahmood. These funds were never accounted for.
These two criminal brothers Kamran and Haroon need to be brought to justice. They think they are good talkers but in reality they are just bull s******s. I CAN ONLY SAY SORRY TO ALL THE CUSTOMERS AND THE GOOD STAFF.
WE ALL NEED TO GET TOGETHER AND CONTACT THE FRAUD OFFICE AT NEW SCOTLAND YARD and the CANADIAN AUTHORITIES. THEY NEED TO ANSWER FOR THEIR WRONGDOINGS NOW.I ask the Mahmood brothers to come clean and reply to phone calls and e mails.
Laurie Bellew, if you have nothing to hide why then have you resigned and work one day a week? Laurie lives in Kent with his wife and child. Laurie, you became a Director of Mondo thinking that by putting MinC into liquidation you would be OK by setting up under the new name of Mondo Hospitality you could get away with it and ignore your old customers. Laurie, YOU ARE JUST GUILTY AS THE MAHMOOD BROTHERS).
Geti Mahmood (Kamrans wife) also works for Mondo Hospitality a couple of days a week Telephone 020 7993 9096).
There should be a LAW in this country to stop Scum like the Mahmood Brothers putting companies into liquidation then opening up with the same people but under a different name.
I ask you, the Scum brothers do you even care about the number of people you have hurt and ruined by not paying them back funds which they lent to your companies as loans? Boubyon Bank (your funding partner for a few years) will also be receiving a letter from me, as they should know what you have done. I urge everyone to keep in touch with this web site and I will reply to everyone's report and try and guide investors, customers that are owed money, and which AUTHORITIES they can contact for advice and help.
HARRON MAHMOOD, KAMRAN MAHMOOD, YOU MAKE ME SICK, YOU ARE NOT MUSLIMS, YOU ARE NOT EVEN HUMAN BEINGS! YOU GIVE MUSLIMS A BAD NAME. IF ALL YOUR CUSTOMERS AND WHAT EVER FRIENDS YOU HAVE LEFT DO NOT GET JUSTICE IN THIS WORLD FROM YOU, THEN I CAN GUARANTEE YOU WILL GET JUSTICE WHEN YOU BOTH HAVE TO ANSWER TO ALLAH AND YOU WILL BE PUNISHED FOR ALL THE MISERY AND FINANCIAL RUIN YOU