Millionaire real estate developer Riaz Mamdani was shot outside of his Mount Royal home in Calgary early Monday morning.
Police were called just after 8 a.m. to the scene in front of 2211 7th St. S.W. where they found a man suffering from gunshot wounds. Mamdani, chief executive and founder of the real estate investor Strategic Group, was identified as the victim by a company spokeswoman, who said he is in stable condition.
^ That's TODAY
This is 2015:
Platinum Equities real estate fraud lawsuit wins class action certification
A class action lawsuit allowing hundreds of investors to unite to sue individuals and companies associated with the Platinum Group for millions of dollars in losses has been certified, but the lead lawyer concedes the process could still take months or years to be concluded.
An estimated 2,200 investors lost an estimated $200 million buying limited partnership units or trust units that invested in commercial real estate entities that operated and were heavily marketed in print and on radio and television between 2002 and 2012.
The ruling last week by Justice A.D. Macleod follows an application in December that named a long list of defendants, chief among them Shariff M.Chandran, Riaz Mamdani, Chitra Chandran, the Strategic Group of Companies and the Platinum Group of Companies.
Looks like police have 2,200 possible suspects in the shooting.
Further reading: http://www.canadianb...cam-in-alberta/
Another property investment scam in Alberta?
Investors allege a $160-million conspiracy at Platinum Equities.
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>