A fraudster takes over 60 million dirhams from an investor in the name of a VIP

The manager of NZ has taken huge amounts of German investor estimated at 60 million dirhams, five million euros and 38 million and 400 thousand dirhams in cash, in fraudulent ways, after convincing him that he is a partner in a company with a VIP in Ras Al Khaimah, which could finance him with 50 million euros. Investments abroad, in return for leaving a deposit of 60 million dirhams in its account in the country, and provided him with forged documents stating the partnership with an important local bank, according to investigations by the Dubai Public Prosecution, which referred the accused to the Criminal Court.

An agent of the owner of the company, which exploited the name of the defendant in the fraud, said that the latter was a partner, and the most illusioned customers that it is a bank, but he added the word «bank» for the company's bonds and correspondence, and used the name of his client in his operations to give confidence, and seized 38 million and 400 thousand AED 5 million from the victim.

For his part, the victim explained that he was aware of the existence of a company in Ras Al Khaimah that can grant financial facilities in the form of loans, met the accused as a manager of the company, and the latter offered him to grant 50 million euros for use in his investments abroad, provided that the deposit of a deposit with the company, and I understand that it is a branch of A large bank in the state, sent him written documents between the company and the bank, and later discovered that they were fraudulent, and also issued him receipts in the name of an important figure there as his partner.

He added that he had asked the defendant for the agreed amount of 50 million euros, but he stalled and then disappeared, did not transfer funds and then discovered that the accused in prison, and that the agreement he signed for funding was incorrect, and consulted the bank referred to see if the company was a branch The bank denied this, pointing out that the company has only an account.

- The defendant added the word «bank» to the company's bonds,

He used his client's name in his operations to give confidence.