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Bad luck dogs Xinja Bank s Dubai agent
Michael Gale, the colourful adviser who lined up a failed $433 million investment in Xinja by Dubaiâs World Investments, is no stranger to big promises being made by wealthy Middle Eastern families and not delivered.
Jan 19, 2021 â 12.00am
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Scratch below the surface of the forced closure of Xinja Bank and you will come across a man whose 40-year career in venture capital, angel investing and funds management has been dogged by failures.
Adviser Michael Gale has a track record of gaining promises of big dollars from the Middle East.Â
David Rowe
Gale has complained about his name and past business dealings being featured on a number of websites that contain defamatory material about him. Gale says in a blog written several years ago that these reports were ââfake newsââ.