He admits having his name on it is a negative. So now it’s going to be run by a company that uses a mission statement “focus on private equity investments in innovative companies with disruptive technologies within the health care, natural and renewable resources and green technology markets.”
Hey, they left out “Substainable”.
“I’m removing myself from the operation because I have decided that if I stay out of it, that will help the project to move forward,” Agha says.
Looks like normal Nadir business. Agha says it will cost $129,000,000 and a consultant says it will cost $190,000,000. Lew says he owns it, Nadir says he doesn’t. Lew says he has an agreement with Cal Am, Cal Am says they don’t.
Jaws dropped at the Pacific Grove City Council meeting this week when a man introduced himself and said he was taking over Nader Agha’s “People’s Desal” project.
At Wednesday night’s meeting, Donald Lew, managing partner for the Concord-based JDL Development private equity firm, made the surprising announcement Agha is no longer involved in the desal project, and that the project has been renamed.
Do check out the article in the Pine Cone. Lovely quotes like this:
According to JDL’s website, the family-owned private equity firm has a “focus on private equity investments in innovative companies with disruptive technologies within the health care, natural and renewable resources and green technology markets.”
Surprised?
Vinther had some strong documentary evidence to back his story, however — documents which apparently convinced the jury Agha was lying:
– At the time of the sale, Vinther was given a handwritten receipt made out by Agha’s wife, Nadia, who works for her husband. “10-22-07 Received $36,000 for Nader clock, Italian Renesons,” the misspelled receipt said.
– More than a year later, when he was about to be deposed in the case, Agha produced a different receipt, this one from a preprinted receipt book. The new receipt was also dated Oct. 22, 2007, and bore a serial number of 592631. “Carved Mahogany Grandfather Clock, $36,000 cash,” it said. In his April 2009 deposition, Agha testified he had prepared this receipt at the time of the sale and left it for Nadia to give to Vinther when he paid, but that she couldn’t find it, and that’s why she made out the first receipt.
– But when Vinther’s attorney asked to see the receipts from the preprinted book immediately before and after the new one, Agha’s attorney, Christopher Cayce, vehemently opposed the request. Only after Monterey County Superior Court Judge Kay Kingsley ordered Agha to produce them did Agha give Huang receipts 592630, which was dated Nov. 14, 2007, and 592632, dated Nov. 16, 2007. Vinther had asked for his money back on Nov. 15, 2007.
Cayce explained the long delay in producing the receipts and the discrepancy about when the second one was prepared by telling the jury, “We were just trying to sort out the evidence.” He also said Agha made out the new receipt in November not because of Vinther’s demand for his money back, but because “it was time to pay the taxes on the sale.”
But Huang argued that Agha “created” the second receipt that said “Mahogany grandfather clock” in an attempt to “defeat” the first receipt. And she said any reasonable person would look at Agha’s constantly shifting story as evidence he wasn’t telling the truth.
Loan or campaign contribution. Either way it’s money given to politicians to do what for the giver?
Attorneys for both men announced a quiet settlement Friday of a lawsuit Agha filed in April 2010 that accused Potter of misusing a $10,000 campaign contribution Agha said Potter solicited from him in January 2004.
In a one-sentence statement, the attorneys said the dispute “has been resolved to the satisfaction” of Potter, Agha and Russ Carter, a business associate of Potter, who Agha claimed was the intermediary for the alleged campaign contribution.
Agha is the conservator…
Lillian Marie King, the colorful, longtime Pacific Grove woman who made headlines in 2005 after more than $2 million in gold and silver coins was stolen from her home near Asilomar State Beach, has died. She was 103.
According to court documents, King died Jan. 28 in her P.G. home, where she had been receiving round-the-clock help from caregivers.
Her attorneys and the conservator of her estate, Nader Agha, a Pacific Grove businessman who owns the Holman Building, said King had a youthful spirit despite her age. Even into her 100s, she was impressing those who cared for her.
Attorneys he hired to sue the former owner of the Moss Landing property he bought.
Developer, antiques dealer, would-be water provider and businessman Nader Agha — who has sued or been sued plenty of times in Monterey County — is now facing allegations by his former attorneys that he hasn’t paid more than $100,000 in legal bills, according to a lawsuit filed last week.
Agha contends he was asked by Potter for a $10,000 contribution in January 2004 to Potter’s re-election campaign, and Potter asked him to make the check out to Russ Carter, who Agha contends Potter said was his campaign manager.
Agha goes on to claim that his comptroller gave the check to Potter and wrote the word “loan” on it at Potter’s instruction.
Got a copy of that canceled check, Nadir?
Greedy coin dealer gets soaked. This is the same developer that wants to turn Holmans into a giant hotel. One could ponder the kind of labor he would hire to build it.
Peninsula developer Nader Agha, also a rare-coin dealer and owner of the Coin & Treasure Shoppe on Alvarado Street, last week purchased what he thought were three mint-condition U.S. Morgan Silver Dollar coins for $4,500 from a man who said he’d found them in an abandoned storage locker in Hollister. The silver dollars are generally regarded as one of the most popular precious coins among investors.
Agha the wannabe developer cannot even manage his political donations correctly!
Peninsula developer Nader Agha, whose complaint against Supervisor Dave Potter over a disputed $10,000 campaign contribution went nowhere with the state’s political watchdog agency, has now filed a civil lawsuit charging Potter with fraud and breach of contract.
In the suit filed April 12 in Monterey County Superior Court, Agha alleges that Potter solicited the contribution in January 2004, requested that it be made out to his campaign manager as a loan and subsequently used the money for personal use. Agha’s suit seeks $10,000 with interest and punitive damages..
Agha vs. Potter, Nadir Not Happy, Wants To Take His Ball And Go Home
