Investment swindle in Dubai: Individual loses Dh210,000 due to fraudulent hotel floor lease deal; Two suspects imprisoned
In a recent court hearing in Dubai, an Asian man and his Arab accomplice were sentenced to one year in prison for defrauding an Arab investor. The pair were found guilty of defrauding the investor of Dh210,000 through a forged hotel lease contract. The fraudulent scheme began when the defendants posed as a hotel manager and a real estate broker to deceive the investor. They convinced the investor to rent an entire floor in a Dubai hotel for Dh380,000, with the investor paying Dh210,000 upfront and a deferred cheque for the remaining amount. However, the court documents revealed that the lease was forged, and the hotel's management confirmed this. The first defendant asked the investor to issue the cheque without naming a beneficiary, claiming he would later add the details on the computer after hotel approval. Three days after the transaction, the investor's friend urged him to verify the lease with the hotel. It was then that the investor discovered the lease was forged, and the money was gone. The Asian suspect confessed to orchestrating the fraud with the help of the Arab accomplice. The suspect also claimed that the swindled money had been handed to a third person who planned the scam. However, investigations did not reveal any information about this third man. The court ordered the duo to jointly pay a fine of Dh210,000, the amount they defrauded from the investor. The court also ruled for the deportation of the duo after serving their sentences. The Asian suspect was arrested by the police, but the Arab accomplice was not mentioned as having been arrested in this paragraph. The search results do not contain information about the third man identified by the Asian suspect as involved in the fraud. Interestingly, the first defendant also promised that the floor would be ready within 10 to 20 days after renovations. However, no new details about the court proceedings or the status of the floor were provided in this paragraph. This case serves as a reminder to always verify transactions and double-check the authenticity of documents before making any significant financial commitments.
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