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Print Print 2013-10-31

Partly Facetious: A tale of decadent Western bankers

"I have always liked Senator Waqar Ahmed and family."
Published October 31, 2013

"I have always liked Senator Waqar Ahmed and family."
"Well, hard times are at hand for him. The guy and his family have lost a 30 million pound house in London - it has been repossessed by Deutsche Bank for non-payment of the loan and interest amount."
"You know these decadent Western bankers, their own governments are cracking down on them - I mean the salaries and bonuses they give themselves are simply mind-boggling."
"I agree that bankers need to be taken to task especially when they get public money to bail them out but..."
"There are no buts my friend. And this poor Waqar Ahmed and his family..."
"Poor is the only word I would not use for that family."
"You know what I mean, here was a Deutsche Bank staffer who probably promised them something and I am not sure but perhaps the term loan write off may have been mentioned in time and..."
"Oye, this is not BCCI over again. Besides the family claimed the bank had not lent the money agreed."
"Anyway Waqar Ahmed and family, a family of senators..."
"Can I say something?"
"I hope you say it carefully, the family may have lost the house in London but it has many assets around the world, in Pakistan as well..."
"All I want to say is that the family is very smart. Now if you want to be a member of the National Assembly you need a ticket from a party..."
"A party which may or may not win the elections so the seat may be on the opposition benches, which is no good."
"Right and then you need money to fight the elections, and the linkage between money and winning the elections is not absolute. Now if you can convince or shall we say lure a party leader to grant you a Senate seat then the deal is between two people only and lets be honest it is more manageable, there is no paper work which can find its way into the media, it is a simple process."
"Ah yes, so what next for the family?"
"Business as usual I would say, a property lost, another gained somewhere else."
"I wish our businesspeople would begin to invest in manufacturing in the UK... once Pakistanis begin to give jobs to British people like the Tatas their standing in the country would rise and..."
"Our rich people have always preferred real estate to manufacturing, borrowing to using their own money, hey did the family pay tax on the property while they had it..."
"Tax on a property bought from a loan - are you crazy!"

Copyright Business Recorder, 2013

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