UAE: Man jailed for defrauding best friend of nearly Dh1.2 million in investment scam

After days passed with no contact from the accused, the victim grew suspicious that his friend was trying to avoid him

by

Afkar Ali Ahmed

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Published: Tue 28 Mar 2023, 8:27 AM

A man of Asian descent has been convicted for defrauding his childhood best friend of Dh1,191,000. The accused convinced the victim to invest his money in importing syringes used in medical vaccines for the benefit of a well-known medical equipment company, which he claims was in contract with an official authority.

The Public Prosecution referred the accused to the Misdemeanours Court on charges of appropriating the money of others in a fraudulent manner. The court sentenced him to one month's imprisonment, deportation from the state, and a fine of Dh625,805.


According to police records, the accused presented the victim with forged documents, so the reassured victim handed over the amount. After days passed with no contact from the accused, the victim grew suspicious that his friend was trying to avoid him. He contacted the police and filed a report, and the accused was arrested while trying to leave the country.

The victim said that the accused promised him that he would make large profits if he contributed to the financing of the import of medical syringes used in vaccines, and even presented him with a temporary work contract attributed to an entity concerned with supplying employees to the major medical equipment company.


He also handed him an identification card issued by the same company, so that he could enter the cargo area at the airport.

The victim added that the police checked the card with the concerned authorities, and it was proven that it was forged. Communication with the medical supplies company that the accused claimed to have contracted with also revealed that no such agreement existed.

The accused revealed in investigations that he returned Dh565,695 to the victim. He still owed the victim Dh625,805, which he pledged to return within 10 days.

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