Dramatic rise and fall of jailed MMA group businessman | GulfNews.com

Dramatic rise and fall of jailed MMA group businessman | GulfNews.com:

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kingpin: Malik Naureed Awan, CEO of MMA group of companies, is accused of swindling
hundreds of investors in Dubai photo:courtesy MMA Group

Malik Noureed Awan’s website calls him the ‘youngest successful businessman of Asia with an aim to conquer the world’ and until late last year there was little to say that his life didn’t epitomise the sobriquet.
He lived it up in style — jet-setting around the world and hobnobbing with the UAE’s elite circles — from sponsoring top cricket events to attending gala black tie functions — with no one in a position to really point a finger.
A self-proclaimed ‘proud Pakistani’, the 20-something’s list of companies too seemed to run the distance — a heavy machinery company, an advertising firm, an online radio, a social networking platform, a welfare organisation, a private airline, a financial investment company in the name of a bank and a forex trading syndicate.
It’s the last one though that’s making the CEO of the MMA Group of companies - named after his father Malik Mushtaq Awan, a man who is said to have made a modest start in the UAE - newsworthy again, albeit for the wrong reasons."

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