fears for dubai case duo angus reed and prudentia | Access 2 Knowledge

Fears for Dubai Case Duo, Angus Reed and Prudentia

Over the past 6 months we have had the chance to read and learn about the business dealing of Angus Reed and one of his companies Prudentia.

While I want to expand on his business leadership in his home country of Australia there was a new article that was just published about some dealings in Dubai that we wrote about a few months ago. In summary:

There was some business dealings around the acquisition of land in Dubai that involved The Sunland Group and Prudentia.

Two Australians unfortunately were detained in what was described as a case of bribery and have been held in Dubai for the past four years.

There current status is still unknown and the case against them continues to evolve so much so that the previous Prime Minister of Australia has gotten involved encouraging his country to help get these men out of jail. This whole business transaction resulted in the real estate bust in 2008 where a piece of valued waterfront property was involved.

Needless to say that once the market fell apart it appears that the controlling owner was looking to mitigate their losses. Even the Australian courts have ruled in favor of the two men accused, Marcus Lee and Matthew Joyce.

They are still being held in custody while awaiting their trial. The reason that Angus Reed and his company Prudentia are tied to this case is because they were to enter into a partnership with Sunland when at some point Sunland offered to pay $14 million to Prudentia to walk away from the deal and leave Sunland the sole developer.

The Dubai government saw this as a bribe in their country and this is where the two men are now being investigated for their involvement.

I wanted to touch on this story because it continues to capture international headlines and based on the videos and information that we have gathered there is no end in sight. Please see more here – http://www.abc.net.au/news/2013-03-19/fears-for-australian-duo-held-in-dubai/4582792

Keeping all this in mind we have also written about Mr. Reed and his dealings and developments of other sites where he has given back to the community. Most notably the investment in Nu Energy  to help expand and develop sustainable energy platforms that can be used in both residential and business properties.

Angus Reed and his companies have also started the Wyndham Harbour marina project at Werribee South where these resources are being put into practice. This idea of building a community that helps to give back to the environment while reducing its carbon footprint is a great model for many developers and business entities.

Companies that give back in both monetary and social means will establish leadership in their respective industries. This is why I continue to follow Mr. Reed and his companies to see what new and interesting developments he has planned.

Tags: , , ,

Finance and Credit, Political Talk | April 2, 2013

RSS feed for comments on this post.
TrackBack URI

You must be logged in to post a comment.

Click Here! SEOPressor

Dubai Property Case concerns for duo

Fears for dubai case duo angus reed and prudentia

Share this:

Leave a Reply

Blogroll

Sign up

Access 2 Knowledge

SEO Plugin

A2K Cloud

My Tweets

Categories

Access 2 Knowledge