Buddha of Suburbia writer convinced to invest in 'property scheme' by accountant who has now been arrested
Writer Hanif Kureishi confessed he knows little about complex financial affairs. Photograph: Murdo Macleod for the Guardian
The bestselling author Hanif Kureishi has lost his life savings of £120,000 after becoming the latest high-profile personality to fall foul of suspected fraud.
The London-based writer, best known for writing My Beautiful Laundrette and The Buddha of Suburbia, said he had lost his money after being persuaded to invest in a property deal.
The man who proposed the investment, Kureishi's then accountant, is thought to have raised similar large sums from several other "clients and friends".
The writer, who confesses to knowing little about complex financial affairs, said he thought he had been following the advice of a north London firm of chartered accountants, Fisher Phillips, to which he had been introduced by his agent in 2011.
Kureishi said the money lost in the investment had been intended to cover "the ups and downs of being a writer".
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The London-based writer, best known for writing My Beautiful Laundrette and The Buddha of Suburbia, said he had lost his money after being persuaded to invest in a property deal.
The man who proposed the investment, Kureishi's then accountant, is thought to have raised similar large sums from several other "clients and friends".
The writer, who confesses to knowing little about complex financial affairs, said he thought he had been following the advice of a north London firm of chartered accountants, Fisher Phillips, to which he had been introduced by his agent in 2011.
Kureishi said the money lost in the investment had been intended to cover "the ups and downs of being a writer".
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