iPhone | iPad
Android
Huawei
He plans to send money back to his family in his home country
KT APPDOWNLOAD
UAE: Man scams woman of Dh560,000 by promising 'monthly profit of investment'
The victim demanded that the man return the amount and pay Dh100,000 in compensation for the damages she suffered
A young man who defrauded a woman of Dh560,000 in an investment scam has been told to pay back the money he took from the woman.
The victim had filed a lawsuit against the man at the Abu Dhabi Family and Civil Administrative Court demanding that the man return the Dh560,000 he fraudulently took from her.
She also demanded Dh100,000 in compensation for the damages she suffered.
In her lawsuit, the woman explained that the defendant lured her through an online platform and convinced her by saying he knew of a profitable business where she could invest.
The woman said she trusted the man because he told her that he too had invested in the same business. She then transferred Dh560,000 to the defendant’s bank account so he could invest the cash in said business.
The woman was to earn monthly profits from her investment in the business.
The woman said she waited for months to get the profits from her investment to no avail. She tried contacting the man to ask for her profits or return her money.
She later realised that the man had defrauded her as he didn’t invest the money in the business.
The woman said he had earlier filed a criminal complaint against the defendant and the Abu Dhabi Criminal Court convicted the man of fraud.
The woman then filed a civil lawsuit against him demanding her cash and compensation for the damages.
After hearing from all parties, the civil court judge issued a ruling ordering the defendant to return the Dh560,000 he fraudulently took from the woman.
The court rejected the plaintiff’s compensation claim stressing that the man had earlier been given a Dh21,000 temporary compensation by the criminal court.
The defendant will be paying for the plaintiff’s legal expenses.
ALSO READ:
More news from UAE
With major changes in tax slabs and tax regimes, it is expected to be a budget that will positively impact the middle- and lower-income segments
The decree lists out the conditions, requirements a non-Muslim couple needs to meet before they can get married in the emirate
This celestial object is now at its nearest point to earth — those who have seen it describe it as a speck that shined at magnitude 6.5 with a dust tail
'Sultan of Space' will be on the International Space Station during the Holy Month and Eid this year
'Honoured to carry Sheikh Zayed's Ambition': UAE astronaut to bear founding father's legacy in space
Sultan Al Neyadi is now in his final weeks of training ahead of the historic 180-day mission
The ground team at the Mohammed Bin Rashid Space Centre is preparing some surprises to make the astronaut feel at home on the International Space Station
Two government officials spoke about how the future of Dubai would look with the vision of the emirate's beloved Ruler