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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (92050)	7/29/2005 8:13:04 AM
From: StockDung	Read Replies (2) \| Respond to of 122087

INTERPOL-SOUGHT FINANCIER FINDS QUIET LIFE IN JERSEY By CHRISTOPHER BYRON Dalmia's digs on Euclid Road in Fort Lee Photo: Felix Bryant July 29, 2005 -- An Indian businessman involved in a failed effort to negotiate a germ-warfare deal with Iraq is living in a posh New Jersey mansion. Neighbors in Fort Lee's elegant Euclid Road neighborhood said they didn't know much about the mysterious Indian couple who moved in two years ago. "Beats me who they are," said a neighbor, who gave her name as Tova. "They just keep to themselves." The resident is a 44-year-old financier named Dinesh Dalmia — who tried to set up a germ-warfare deal with Iraq following the terrorist attacks of 9/11 — and is now ducking a worldwide "wanted" alert from Interpol for unrelated matters. Dalmia is accused of fleeing India to avoid answering questions regarding his role in a huge stock-market fraud that began on the Calcutta Stock Exchange four years ago and has now spread to the Nasdaq. The Dalmias purchased their neo-Tudor mansion situated on a cliff overlooking the Hudson River for $2.52 million in November of 2003 after authorities in Calcutta began zeroing in on fishy trading in the shares of a computer company Dalmia controlled called DSQ Software Ltd. Last week the Indian authorities announced plans to install a new five-member panel of government-appointed overseers for the company. As The Post began exclusively reporting in the U.S. two years ago, Dalmia fled India after evidence surfaced that the assets of DSQ Software's U.S. subsidiary, All Serve Systems Corp., were transferred to an offshore shell company in the British Virgin Islands. The Post has since reported that Dalmia thereafter used the shell in an attempt to resell the assets to a company headed by a Greenwich, Conn., financier named Christopher Sinclair. That company, Scandent Group Ltd., has a blue chip list of backers, including billionaire philanthropist Edgar Bronfman and his son, Edgar Jr., who runs Warner Music Group. Sinclair has declined several requests for interviews. Earlier this month The Post reported that a privately held North Brunswick, N.J., computer company called Vanguard Info-Solutions Inc. had recently been acquired by an offshore shell company linked to Dalmia. The report further disclosed that Vanguard was now set to merge with a Nasdaq-listed company called The A Consulting Team Inc., thereby giving the Dalmia-linked shell company control for the first time over a publicly traded U.S. company. In response, lawyers claiming to represent All Serve declared that Dalmia has no involvement with All Serve and demanded a retraction. But Verizon telephone records for New Jersey list the only phone number for the Euclid Road address in Fort Lee as belonging to All Serve Systems Corp. Last week, yet more legal firepower weighed in on the Dalmia matter when a Washington, D.C., criminal defense lawyer demanded a retraction by The Post, saying that Dalmia is actually a respected individual. According to the lawyer, an Indian court had thrown out the arrest warrant against Dalmia "nearly a year ago" and Interpol had dropped the matter as well and removed Dalmia's mug shot and related information from its Web site. In fact, as of yesterday the official Interpol Web site for India, maintained by India's Central Bureau of Investigation, continues to list the "arrest on sight" alert against Dalmia, unchanged. "If he returns to India he'll be arrested," said a Calcutta police investigator in the case.