AL MASAH CAPITAL LIMITED

We have witnessed many Ponzi schemes but this one really captivated me to dig deeper. I was amazed to see the kind of returns these schemes pay to its owners. Al Masah Capital broke all records in making the huge profit through its modus operandi.

Al Masah modus operandi works in a fashion that is difficult to break and its sources are too rigid that it continues to operate with all the flaws. Al Masah uses undisclosed bank accounts to receive its investment funds. These accounts are kept hidden from the auditors.

There were questions raised in the past about the accounts of Al Masah Capital and its primary platforms. All its bank accounts that were with Royal Bank of Canada were frozen. They were intimated to close down all the accounts. Concerning the issue, Mr. Vineet Arora, the head of RBC was terminated whom Shailesh Dash, the owner of Al Masah offered a job in one of the Platforms.

Mr. Shailash Dash also has close relationships with Mr. Satyakam Patnaik from First Gulf Bank in Orrisa. He helped him in audits and hid his undisclosed bank accounts from the eyes of the auditors. Now that RBC closed down, Al Masah Capital functions mostly with First Gulf Bank (FGB) and all credit goes to Mr. Satyakam Patnaik.

They use these fake accounts to deduct 10% of the investment amount and the remaining is actually invested which is fraud. They even go a step ahead and forge the account statements if it is unable to maintain these accounts. They maintain two sets of books to fool auditors.

Shailesh Dash, who started the company favours people who are close to him or are influential by allowing the investment exit options. For this he uses the funds of new investors or even the existing investors. And did not bother to inform them as well. Again, for these transactions, he uses undisclosed accounts. Al Masah audit are all conducted in a fraudulent manner giving no chance to auditors to see through the lies and forged papers.

Al Masah maintains its relationship by giving high montly bonuses that are hidden apart from their huge salary. These are shared between the platform directors. They even forge their shares purchase agreement to hide the profit and compensate their theft. One example is the In Health Care Platform, they acquired an asset at 8 million USD and forged it for 12 million USD. They earned 4 million USD with fraud and transferred to Al Masah Capital. Sometimes, they use these amounts to cover up the premium amount.

There are many other methods that they use to stay in the business and do what fits their pocket. They fool its investors and uses their money to satisfy influential people and stays in the business with all the fraudulent methods taken into account.

If you ever wished to spend your money on Al Masah Capital, please change your mind, they will eat your money without even burping.

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  • Yes but what’s surprising is that this person and the company has been doing this forgery in daylight and no one has complained. Anyone with half a brain can probe these guys guilty.

  • All honest reviews about al masah and their Ponzi schemes on all other multiple platforms have been removed hahahahaha. Hilarious. But how will they remove the investors now?

  • whats the point. its only a fine

  • Scammed Investor says:

    Hello, I am an investor in Al Masah’s healthcare platform and am currently in talks with the authorities on how to pursue legal action. Please let me know if I can contact you for more information (anonymously).

    Thanks.

    • Why anonymously? Why are you scared of these crooks?

    • Totally don’t wait for any authorities. File a complaint with but dubai police station and then get in touch with me. I’ll tell you what to do.

      • Iyad, Shailesh dash is hiring for some new business and his team has approached me…is it safe to go work for him and what should I keep in mind to stay safe?

    • Please let me know how I can contact you and I will help you. I have all the inside info you need.

      • hello…Shailesh dash is hiring for some new business and his team has approached me…is it safe to go work for him and what should I keep in mind to stay safe?

        pls get in touch and advise me?

        • Karen anyone in their right mind will not even ask that question. He cannot do any business in uae. That is if he manages to keep away from jail. Also please put out the information on his new business so that we can stop gullible people from losing their money.

  • I am an suppler to one of their companies they owe me tidy bit of money. I am planning to take them to court But as you said they all are hidden behind layers of investment company
    It is an Maze
    A Company Owns B
    A company is owned by C
    And C is subsequently owned by Some other ambigus company

    So still thinking in these times to spend hard earned money to pay to lawyers is an good decision or bad

    • Totally worth it. Amitava and Shailesh are in dubai. Any lawyer will do. It’ll cost you less for what they’ve done to you.

  • I worked for Al Masah Capital Managment and I have contacts of some people, who suffered from the company. If you need my help, please contact me.

  • Surprisingly all these people still work in financial industry, in Dubai. In DMCC office, Q cluster, Reem Tower, 504. Regulus Capital, Regulus Consultants, and whatsoever Regulus. Future Capital Limited Suite 1501, Khaled Al Attar Tower, Millennium Tower and Hotel

    • Thanks not possible. Regulus should be shut as well.

    • Oh yes. It’s this same website, same crooks, same guys. Well dubai allows you to do that. But for how long? Wait and watch.

  • Yes it is. Based on the user review published on MeraReview.com, it is strongly advised to avoid AL MASAH CAPITAL LIMITED in any dealing and transaction.
    Not really. In spite of the review published here, there has been no response from AL MASAH CAPITAL LIMITED. Lack of accountability is a major factor in determining trust.
    Because unlike MeraReview.com, other websites get paid to remove negative reviews and replace them with fake positive ones.
    AL MASAH CAPITAL LIMITED is rated 1 out of 5 based on the complaints submitted by our users and is marked as POOR.
    Never trust websites which offer a shady ‘advocacy package’ to businesses. Search for relevant reviews on Ripoff Report and Pissed Consumer to see more unbiased reviews.
    The above complaints and comments against AL MASAH CAPITAL LIMITED were submitted by MeraReview.com user(s) and have been published as-is. MeraReview.com does not edit, alter or remove content published by it’s users. There’s no amount of money a business can pay to manipulate their reviews and MeraReview.com will NOT entertain any request to remove the review on AL MASAH CAPITAL LIMITED at any cost whatsoever.
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