Malicious Takeovers and Fake Philanthropy - the Dark History of Iqbal Moledina and his Group of Companies
By Inara Ahmed The Ismaili community of Canada is known to be one of the most philanthropic and respected religious communities in the world. We are known for our fundraising efforts in supporting many worthy causes around the world. At a deep level, the Ismaili community possesses a deep concern for the vulnerable and needy. But once in a while, we hear of wolves in sheep's clothing that exploits their affiliation to certain groups and put-up false fronts - only for personal gain and greed. Iqbal Moledina from IAM Hospitality Group and Hands-On Capital Investment is one of those individuals whose history is tainted with unethical practices and predatory business behavior - a disgraceful and dishonorable example, a bad apple, in our community. A great example of this predatory behavior is Iqbal Moledina’s predatory and malicious takeover of the Pembroke Residence in Toronto (also known as the Knights Inn Hotel), when he forcefully preyed on the widow of