Ajaz Shah, owner of the unregulated investment scheme Fortitude Capital, has been arrested in Italy and accused of a vicious campaign of violence and abuse against his ex girlfriend.
As reported by the Daily Mail:
A millionaire City trader has been placed under house arrest in Italy after a court heard he had allegedly beat up his ex-girlfriend and threatened to burn down her home by setting his Lamborghini sports car on fire.
Ajaz Shah Hussain was held by police in the Italian resort town of Rimini after also allegedly threatening to release a sex tape he had made with her, according to authorities.
The married father of two has been told he is now banned by the court from contacting his ex and confined to his flat in Milan.
Shah’s ex has claimed that Shah burnt her with a hot iron as “punishment”, and on another occasion police were called after Shah strangled her and punched her in the face.
For his part Shah denied the allegations. He also told the Italian court that the alleged victim was still his mistress, and that his wife is Arabic and tolerates his extra-marital affair.
Fortitude Capital collapsed into administration last July, a couple of years after its bonds were reviewed here. Fortitude is also involved in the MJS Capital collapse; MJS Capital invested £6 million into Fortitude.
As at the administrator’s report in August 2020, Shah is refusing to co-operate with their investigations into the company.
Shah is identified as a “millionaire City trader” by the Daily Mail. The source of Shah’s wealth is unclear. It’s difficult to see how running a company with £7 million of investor assets would generate a million pound fortune.