- This year’s Top 10 wealthiest Asians are:
Art Malik to host Ramadan Gala Dinners for charity committed to the free treatment of curable blindness and visual impairment in Pakistan
The Graham Layton Trust (GLT), a charity committed to the free treatment of curable blindness and visual impairment in Pakistan, will be celebrating Ramadan this May with exclusive gala dinners in both London and Manchester hosted by international actor and GLT Trustee, Art Malik.
The first dinner will be held at the Grand Sapphire Hotel in Croydon on May 5, and Manchester’s luxurious Vermilion will play host to GLT’s second dinner on May 12, with all proceeds going towards GLT.
Actor and GLT Trustee, Art Malik, says: “The Graham Layton Trust is the largest provider of free eye-care in Pakistan and does life-changing work, so it’s an honour for me to host the charity’s two Ramadan dinners this May, as well as work as a Trustee. Alongside marking this sacred time, we will be celebrating the incredible impact that GLT has had in transforming the lives of over 37 million of Pakistan’s most needy people.”
Since launching in 1985, GLT and its sister charity, Layton Rahmatulla Benevolent Trust have worked to treat over 37 million cases of curable blindness and visual impairment by providing high quality free eye surgery and ophthalmic care for those who cannot afford it. In doing so, GLT has helped to restore dignity, independence and hope to some of Pakistan’s poorest and most marginalised people.
GLT has developed a network of 19 hospitals, 56 clinics and outreach centres across Pakistan, enabling the treatment of people in urban centres and isolated rural areas, which have poor healthcare facilities. The charity also invests in teaching and training doctors and technicians in the latest eye-care treatments, as well as the latest technology and equipment to ensure patients receive the best clinical care.Read more
Asian Rich List unveiled at annual Asian Business Awards, showcasing enterprising spirit and success of the British Asian Community
Asian entrepreneurship and business success were honoured on Friday 23 March at the Asian Business Awards, the annual gathering of the UK’s wealthiest and most successful Asian businessmen and women.
The gala event, attended by Dinesh K Patnaik, Deputy High Commissioner, High Commission of India, saw him honour the outstanding business achievements across industries. Mr Patnaik paid tribute to the dedication and hard work of the business community and also unveiled the Asian Rich List 2018.
The Asian Rich List which is published by Asian Media Group (AMG) shows the combined overall net worth of the featured 101 UK based millionaires has topped the £80.2 billion mark, (an increase of just under £11bn since last year), with the top 10 being valued at a total of £54.25 billion and representing 68 per cent of the total figure.
While economic growth in the western worldwide has been sluggish, the Hindujas have had a robust 2017, adding a further £3 billion to their total net worth, taking them to an astounding total net worth of £22 billion.
The Hindujas trading empire is spread over five continents and run by four brothers and their children – a testament to their incredibly strong family values. The group has what GP Hinduja likes to call 10 ‘verticals’, spanning a variety of sectors and allowing true diversification.
This year’s list sees a new entry in the Top 10, with a jump of an astonishing 25 places to number 9 and an increase in total net worth of £1bn to a valuation of £1.3bn, for brothers Zuber and Mohsin Issa. Their Lancashire-based company Euro Garages has grown from incredibly modest beginnings, with one slightly worn petrol station in Blackburn in 2001, a loan of £150,000 and then almost on a whim, a decision to put a decent shop inside it. Since then, they have never looked back and have become not only one of the foremost UK companies, through their Euro Garages outfit, but one of Europe’s leading concerns in this sector - as EG Group.
EG Group looks set to increase to more than 3,000 petrol stations across Europe - a new deal announced in January sees EG tying up with the Esso brand to increase their presence across the Benelux nations. The Group works with an incredible array of household brand names - from Greggs, Starbucks, and KFC to Carrefour (French supermarket giants), Louis Delhaize (a Belgian supermarket brand) through to oil majors, Shell, BP and Esso. It has brokered major deals with these retail concerns and global energy powerhouses, and is probably the no1 UK company doing this at home and abroad.
This year’s list sees Rajesh Ram Satiija of Sun & Sand Group, Zuber and Mohsin Issa and Tony, Raj & Harpal Matharu of Global Grange Ltd all making it to billionaire status, taking the total number of Asian billionaires to 12.
Rajesh Ram Satiija is the fifth highest riser in terms of net worth this year, with an increase of £390m. His mining to agriculture business spans three continents and comes in at £1.3bn. Satiija worked for an export business before starting out on his own, setting up an auto-parts business in Nigeria. He has a home in Mayfair and is now looking at a public floatation for his fast expanding group, where revenues have tripled over the last few years.
With the entry point for this year’s list being set at £90 million, it’s hard to expect any ‘young guns’ to earn their way on to the list. However, never to be outdone, this year’s youngest entry and a newcomer to the list is 36-year-old Nitin Passi, owner of one of hippest online fashion retailer ‘Missguided’. Valued at £100million and entering the list at number 90, Passi has broken into a hugely competitive, price sensitive and cluttered market, to create a household name amongst the 16-35-year-old demographic. Founded less than a decade ago, in March 2009, Missguided quickly grew from literally a one-man operation into an international online fashion giant. Keen to start his own company, Passi had the foresight to recognise that his future fortune would most likely be found online. That choice has since paid off immensely for Passi, with his company reporting sales in excess of £205m in 2017.
This year’s list also sees eight new entries with a combined value of nearly £1 billion, with the highest new entry, being at number halfway up the
list at number 50! With a valuation of £200 million, Raj Manak of Akaal Ltd is surprisingly the only representative from the growing construction industry. Also entering the list for the first time is Leena Malde of Lotus Flower Holdings, one of three self-made women featured on the list, at number 97 and a valuation of £90 million.
One underlying theme of the list is the power of family. From the Hindujas in poll position and throughout the list, we see second generation children taking up the mantle from their parents, as well as strong sibling ties with successful familial businesses proving that the tradition of joint families within the south Asian community is a force to be reckoned with.
Shailesh Solanki, executive editor of AMG and one of a panel of four experts who has examined British Asian wealth over the last year for the Asian Rich List, said: "The list shows the remarkable strength and diversity of Asian businesses in the UK. Despite the challenges of the general economy many business leaders in the community have seen opportunity and potential and moved quickly to capitalise. It is an inspiring picture and one that should energise entrepreneurs everywhere.
“What is doubly encouraging and reassuring to see is the high levels of philanthropy from the millionaires. Giving back to help the less fortunate is a cultural value and we are seeing foundations being launched and high levels of charitable donations to organisations both in their home countries and more importantly in the UK.”
There can be no doubt that this is a community which has had a huge impact on the UK economy over the past fifty years, and attendance at the gala to honour these Asian entrepreneurs by country leaders, members of the cabinet and other top politicians is indicative of the both their financial and political impact. The Asian Business Awards have been recognising outstanding business talent for the past 21 years and this year’s winners were no exception – all outstanding within their respective industries.
Kalpesh Solanki, Group Managing Editor of AMG added: “The enterprising spirit and the crucial role of entrepreneurs is vital not only to the economy but to society as a whole as it serves to inspire the next generation of businessmen and women. It is this attitude that will drive the economy forward, fundamentally creating jobs and giving families value and sense of purpose. The winners of the Asian Business Awards 2018 are just a handful of these amazingly dedicated, innovative and committed individuals.”
The gala awards ceremony was attended by a host of dignitaries and peers including: Lord Tariq Ahmad, Minister of State for the Commonwealth and the United Nations, Dawn Butler MP, Lord & Lady Dholakia, Lord Jitesh Gadhia, Lord Patel of Bradford; actors Sheena Bhattessa, Jaz Deol, Rebecca Grant, Preeya Kalidas, Shobu Kapoor, Amrit Maghera, Parle Patel, Paul Sharma, Deepak Verma and Gordon Warnecke amongst a host of others.
Winners of the Asian Business Awards this year were:
Restaurant of the Year Award 2018 in association with Zee TV
WINNER: Shamil Thakrar, Dishoom
Food & Drink Business Award 2018 supported by Sun Mark Limited
WINNER: Prakash Thakrar, HT Drinks & Co
Care Home Business of the Year 2018 in association with Citibond & Qatar Airways
WINNER: Avnish Goyal, Hallmark Care Homes
Asian Business Bank of the Year 2018 in association with Eastern Eye
WINNER: ICICI Bank
Businesswoman of the Year Award 2018 in association with Premier by Brightsun
WINNER: Zeenat Noon Harnal, Bombay Halwa
Young Entrepreneur of the Year 2018 in association with SBI
WINNER: Shane Thakrar, HKS Holdings
Entrepreneur of the Year 2018 supported by Edwardian Group London
WINNER: Sanjay Vadera, The Frangrance Shop
Philanthropy Award 2018 in association with SME
WINNER: Dawood Pervez, Bestway Foundation
Business Personality of the Year 2018 supported by Bristol Laboratories
WINNER: Joginder Sangar, Mastcraft Group of Companies
Asian Business of the Year 2018 in association with Eastern Eye
WINNER: Zuber & Mohsin Issa, Euro Garages Ltd
The Asian Rich List was released on 23 March 2018 and is the definitive guide to ultra-high net worth individuals and Asian business success.
Position Name 2018 Valuation 2017 Valuation
1 GP and SP Hinduja £ 22 billion £ 19 billion
2 Lakshmi Mittal £ 14 billion £ 12.6 billion
3 Sir Prakash Lohia £ 5.1 billion £ 4 billion
4 Sir Anwar Pervez £ 2.35 billion £ 2 billion
5 Simon, Bobby & Robin Arora £ 2.3 billion £ 2.2 billion
5 Anil Agarwal £ 2.3 billion £ 2.2 billion
7 Cyrus & Priya Vandrevala £ 2.1 billion £ 2.1 billion
8 Jasminder Singh £ 1.5 billion £ 1.5 billion
9 Rajesh Ram Satiija £ 1.3 billion £ 910 million
9 Zuber & Mohsin Issa £ 1.3 billion £ 300 million
By STAFF REPORTER
A man has been jailed for four years after robbing a stranger at knife-point and then attacking a police officer with the knife whilst attempting to escape.
Muhibur Rahman, 19, of Heathland Road, Stoke Newington, North London, was sentenced at Wood Green Crown Court on 26 April 2017 to three years for robbery; three months for possession of a knife and one year for assault with intent to resist arrest. He had previously pleaded guilty to the offences at an earlier hearing.
Rahman held a knife to the 20-year-old male victim’s throat outside a Tesco Express, on East London’s Hackney High Street. Coincidentally Police Sergeant Carroll Weeden was patrolling the area and chased Rahman. He lashed out at her with the knife. Fortunately, neither she nor the male victim sustained any physical injuries, she said:
“I believe that I had a very lucky escape that night, and I am acutely aware that things could have been much more serious” and, “I am pleased that the court was able to recognise the gravity, seriousness and effects of knife crime on the victim of the knife-point robbery and me as a police officer.”Read more
By PARVEEN AHMED
Police in London are currently investigating two separate terrorist incidents. Counter-terrorism police are continuing to question a man suspected of attempting to carrying out a knife attack in the heart of Westminster. In a separate investigation, armed police raided a house in Harlesden Road, Willesden, that was under observation as part of a current Counter Terrorism investigation. During the raid police shot a woman, who is now in hospital, and remains in a stable condition. Six people were arrested in connection with the investigation and further searches at linked addresses across London are under way.
Assistant Commissioner Neil Basu, Senior National Coordinator for counter terrorism policing said: “Due to these arrests that we have made, I believe that we have contained the threats that they posed. With the attack in Westminster on 22 March so fresh in people's minds, I would like to reassure everyone that across the country officers are working round the clock to identify those people who intend to commit acts of terror.”
In Whitehall, 27-year-old Khalid Mohammed Omar Ali of Tottenham, was arrested by armed officers from the Met's Specialist Firearms Command, who stopped and searched him as part of an ongoing counter terrorism investigation. He was carrying a rucksack containing at least three knives when he was detained yards from the scene. It is understood the arrest of the suspect was ‘intelligence-led’. Specialist officers swooped on the suspect as he carried a bag of knives. Dressed in dark clothing, he was wrestled to the ground on a traffic island at the Parliament Square end of Whitehall, close to Downing Street and the Foreign Office. He remains in custody after being charged with Terrorism Act Offences and possession of offensive weapons. There are two ongoing searches at addresses in London as part of the investigation.
Scotland Yard said in a statement: “The man, aged in his late 20s, was arrested on suspicion of possession of an offensive weapon and on suspicion of the commission, preparation and instigation of acts of terrorism”.
Prime Minister Theresa May, who was on a campaign visit at the time, hailed the bravery of the police, the intelligence and security services, who she said were owed a “huge debt of gratitude.” She said: “I think it shows that our police and our intelligence and security services are on the alert as they always are, looking to keep us safe and secure.”
Westminster has been on a state of heightened alert since the attack by Khalid Masood in March, which killed five people, including police officer PC Keith Palmer.Read more
By PARVEEN AHMED
Detectives became suspicious when they learned Sultan Meer, 29 of The Roundway, Haringey was trying to source firearms. Meer claimed at the Old Bailey that the guns were antique and that he was a firearms collector, but detectives when carried out extensive checks into Meer's activities, they found legitimate firearms dealers he had been in contact with who recalled having conversations with Meer in which he enquired about obtaining bullets. To the police, this strongly indicated that rather than possessing the guns as keepsakes, he intended for them to be purposefully used.
The police seized parcels they proved were ordered by Meer. These contained 100 year old guns; a Bulldog Elvria Pocket Revolver dating back to the 1900s and a .320 Centre-Fire Five-Shot Bulldog Revolver dating back to 1934. In a search of his home police found a further two guns stashed inside a laundry basket; a Belgian six-shot Vellodog revolver and a Belgian six-shot Bulldog revolver. Following tests, forensic experts concluded that although the guns were obsolete they were capable of firing bullets and could potentially be lethal.
More incriminating evidence was found, including a signed declaration form, stating that Meer was not prohibited from possessing a gun, when he purchased an Otis Smith .38 revolver. This gun was not found.
Although Meer has not been arrested for, or charged with terrorism offences; the investigation was led by the Counter Terrorism Command and supported by Trident and Area Crime Command. Detective Chief Superintendent Alexis Boon said: "We strongly believe that Meer had sold a gun and intended to sell these ones also. He had certainly looked into obtaining the ammunition so that the guns were ready to use. They were in full working order and so, in the wrong hands, could have been lethal."
While Meer pleaded guilty on 18 April 2017 to two counts of possession of firearms by a person previously convicted of crime, he denied two counts of possession of weapons subject to general prohibition and two counts of purchasing a prohibited firearm.
He is to be sentenced in June.Read more