Malik Naureed Awan and MMA Group of Companies Exposed as Scam in Pakistan

The owner of MMA Airlines and many
other companies such as the name of
MMA have been exposed to be fraud. It
is being claimed by TV channels that the
owner Malik Naureed Awan is an
international fraudster who has fled
dubai due to his illegal work.
If you got a chance to be in Islamabad
over the recent months, you must have
seen excessive advertisement of MMA
forex, MMA Bank and MMA Airlines on
every major road.
A 26-year-old Pakistani businessman
from Abbottabad, Malik Naureed Awan,
who also happens to be singer Annie
Khalid's Husband, claims that the worlds
forex market is $3.9 trillion, and his
company share is $1 trillion of
conducting business. I wonder how did
he even dare to tell a lie on a media so
bluntly. He even allured anchors for
personality boost to provide them forex
account trading for income purposes.
It is said that 99% Online Forex Trading
companies in Pakistan conduct fraud.
They use fake online trading software
where they can control each and every
thing. They transfer client's money in
their abroad accounts and then control
client's trading.
Take a look at the profile of MMA Group
of Companies:
MMA Airline is part of
the MMA Group of
Companies which has
interests in heavy
machinery and
equipment trading,
financial services (forex
trading), advertisement
and events
management.
The company's business
spreads across Ireland,
Switzerland, Uganda,
South Africa and the
UAE.
MMA Online Trading
Services (MMA Forex) is
one of the world's
leading online forex
trading brokers, with
over 100,000 registered
customers worldwide,
and volumes of more
than $20 billion a
month.
Awan said he started his
business in forex trading
in Ireland by setting up a
company in 2006 with a
team of finance
professionals and
experts.
However, MMA Group's
origin lies in MMA Heavy
Machinery, set up in
1995.
Having several branches
in about 75 countries,
mostly in Europe, MMA
Forex made its entry in
to the Middle East in
2010.
MA Forex is backed by a
major financial
institution with over $17
billion in assets under
management and is
rated A+ by an S&P
affiliated rating agency.
The company launched
MMA Bank GT in Zurich,
last year.