Tag Archives: Ed Ahmad

GUYANA: Capitol TV News Videos – 24 June 2015

Capitol TV logoGUYANA: Capitol TV News Videos – 24 June 2015

  • “Sold” state vehicles returned with Westford’s help”
  • Suspected bandit shot dead at city entertainment spot
  • Ed Ahmad begins testimony in trail of US congressman
  • Rice board head quits  
  • PPP balks at amendments to anti-money laundering bill
  • Head of State Asset Recovery Unit speaks about his role
  • Sports

Click links below to view the TV News Videos:-   Continue reading

Guyanese in the USA: Are East Indians at war with themselves? – By Paul Sanders

Albert Baldeo

Albert Baldeo and Ed Ahmad

A sneak preview of a brutally frank and introspective column by Paul Sanders to be published in the Caribbean Daylight (precipitated by the conviction of Albert Baldeo last Monday), on the shopping list of Guyanese who have screwed over their fellow countrymen and run afoul of the law in the United States.

Introspection: Are East Indians at war with themselves?

By Paul Sanders – Caribbean Daylight, NY  – February 2015 

I’ve been thinking…..
And I have thought long and hard whether I should write this. Last week Thursday, I had this same conversation with a good friend, Sankar Nirahu. He challenged me into making this my next writing project. He died 24 hours after that exchange. This piece is dedicated to his memory.

We all wish to bounce around happily with our political correctness, filled with warm euphemisms, ready to hide our conscience, closing our eyes to the truth under the pretext that if we don’t see it then it doesn’t exist.

We want to be shaken and stirred – but not too much. We want to be guilt-schlepped – but not too much. We want to be provoked – but not too much. We want to be transformed – but not too much.

Yeah, I get it. But as an East Indian I have a compelling obligation, a responsibility to articulate what is in my heart, and what I passionately believe must be said and heard.  Continue reading

Ed Ahmad brings in Politicos into the net – video

Ed Ahmad brings in Politicos into the net – video

January 4, 2013 – Capitol News video

The Ed Ahmad investigation was bound to go this way. Follow the money into the politicians’ purses. Now the NYPOST is reporting, that a former New York State Senator of Guyanese heritage, John Sampson, may be under investigation for his links to the indicted mortgage fraud accused Ed Ahmad. Ahmad was a donor to Sampson’s political work in New York State. The report is also claiming that the inquiry into Sampson is focusing on Sampson’s campaign fund-raising and stems from a broader federal probe into Queens Democratic Congressman, Gregory Meeks.

Also read:   http://www.kaieteurnewsonline.com/2013/01/05/ed-ahmad-squeals-on-ny-senator-say-court-watchers/        Continue reading

Ed Ahmad building housing scheme, mall, at Leonora

Ed Ahmad building housing scheme, mall, at Leonora

JUNE 26, 2012 | BY KNEWS |   NICIL sold land ‘strictly’ for wood processing

Ed Ahmad

New York-based Guyanese, Edul Ahmad, who is facing trial in a US$50 million mortgage-fraud scheme, is looking to build a posh housing scheme, mall and gas station at Leonora, West Coast Demerara. The housing development would be called Hollywood Gardens.
The land for the project was previously owned by the state-owned Guyana Sugar Corporation (GuySuCo), up to 2008. The almost 17-acre plot was sold by the government’s asset holding company, NICIL.

In announcing the sale, NICIL and the Privatisation Unit had said that the use of the land was restricted to value-added wood processing operations. The sale of the land was made to one of Ahmad’s companies, South American Woods Incorporated.   Continue reading

Ed Ahmad’s Trial postponed to November 2012

Will Ed Ahmad’s Case Ever Get To Trial?

News Americas, NEW YORK, NY, Fri. May 25, 2012:

Edul “Ed” Ahmad

First May now November. That’s the new possible date set for the trial of Guyanese entrepreneur and real estate mogul, Edul ‘Ed’ Ahmad.

Ahmad, 44, was set to face a trial on May 21 for participating in a mortgage fraud scheme in which he and others fraudulently obtained more than $50 million in loans. Now it looks like he may have to wait until after Nov. 5th.

The self-made real estate magnate, who drove a yellow Lamborghini, hosted many events at his banquet hall and advertised prominently in Richmond Hill and South Ozone Park is charged with charged with one count of conspiracy to commit bank and wire fraud and 10 counts of bank fraud.  Continue reading

Ed Ahmad is accused of bringing immigrants’ ruin

Ed Ahmad is accused of bringing immigrants’ ruin

Demerara Waves – January 9, 2012

NEW YORK TIMES- For years, a self-made real estate magnate named Edul Ahmad personified the collective dreams of Richmond Hill, Queens, which is populated by many immigrants from Guyana, in South America. Mr. Ahmad drove a yellow Lamborghini, sponsored a cricket team and held white-glove parties at a lavish banquet hall that he owned.

At a prominent intersection near the border of Richmond Hill and South Ozone Park, his smiling face looked down from a large billboard that promoted his real estate services. Many residents responded, taking out high-risk mortgages that they were told they could readily afford.

In July, it all came crashing down. Agents from the Federal Bureau of Investigation arrested Mr. Ahmad, charging him with masterminding a $50 million mortgage fraud that seemed to exemplify a nationwide phenomenon of celebrated immigrant brokers who were accused of preying on their own.  read more

Post #1015

Jagdeo defends purchases from Ahmad, tax-waivers

Written by Demerara Waves
Sunday, 21 August 2011

                                       President Bharrat Jagdeo

President Bharrat Jagdeo’s office has defended sourcing 29 tons of building materials from his friend, New York realtor Ed Ahmad, who has been indicted by the Federal Bureau of Investigators for fraud.

“It is widely known and established that Mr. Ahmad is a businessman.  The shipment was of goods bought by the president for his personal use and consigned to the president,” the Office of the President said in a statement.  Continue reading

FBI indicts President Jagdeo’s friend – Ed Ahmad

FBI indicts President Jagdeo’s friend- Ed Ahmad  
Written by Demerara Waves
Friday, 19 August 2011 17:04
ed-ahmadA federal grand jury in Brooklyn has returned an indictment charging the defendant Edul Ahmad with participating in a mortgage fraud scheme in which he and others fraudulently obtained more than $50 million in loans, the Federal Bureau of Investigation (FBI) said Friday August 19, 2011..

President Bharrat Jagdeo has acknowledged being Ahmad’s friend for several years now. And Presidential candidate for the Alliance For Change (AFC), Khemraj has publicly admitted introducing Ahmad to the governing Peoples Progressive Party (PPP) several years ago. Both local politicians have basically said that if he has committed a crime he must face the law. The PPP has publicly denied that Ahmad has not helped to finance the 2011 general election campaign.

Continue reading