Man on trial over cheating businessman of Dh600,000

DUBAI — An Emirati man allegedly swindled a Canadian businessman Dh600,000 claiming he could issue the permits necessary to start a business.

By Marie Nammour

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Published: Wed 28 Sep 2011, 10:21 PM

Last updated: Tue 7 Apr 2015, 10:57 AM

The 28-year-old Emirati employee was charged with fraud and forgery in the Court of First Instance on Monday.

The defendant is also accused of forging three guarantee letters, which he claimed to have been issued by the Ministry of Finance and the Dubai Municipality (DM).

The 67-year-old Canadian businessman told the prosecutor that he met the defendant in early 2007. The latter alleged to the businessman and his son that he was into business himself and that he was capable of issuing all necessary permits to start a company in Dubai of which he would be the sponsor.

The complainant said that he liked the idea since he had a firm in Al Hamriyah in Sharjah which is specialised in the production of metallic structures for buildings.

The complainant struck a deal with the defendant in 2007, but the defendant did not inform him about the necessity of building a factory in Dubai to be able to promote the products here.

In his statement, the complainant said that he gave the accused Dh200,000 at first, which the latter claimed to have deposited at some industrial and finance authorities to issue the permits for promoting the products. The accused kept on taking money from the complainant until the sums totalled Dh600,000.

To convince the businessman, the defendant handed him some guarantee letters which later turned out to be forged. When the complainant tried to market his products in Dubai, his requests were turned down.

He was told that he had to have a factory based in Dubai to be allowed to promote the products here. When he checked with the municipality, he learnt that to build a factory, he did not have to deposit any financial guarantees. He was told the same by the Department of Economic Development.

He sent copies of the guarantees, which the accused had given him, to the authorities and he learnt that the guarantee letters were forged. However, the accused insisted that they were authentic and said he would retrieve the money and return it to the complainant but he kept on deferring it.

In its remarks, the Public Prosecution enclosed letters by the Ministry of Finance and the Dubai Municipality that the guarantee letters were forged.

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