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Duo jailed for Dhs938,000 realty fraud
BY HAMZA M. SENGENDO January 27, 2018
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Dubai: Two men who cheated an investor out of his Dhs938,080 in a bogus rental deal have been sent to spend one year in jail after which they will be deported.

Both Asian men –a businessman, 44, and a broker, 29- counterfeited two ownership certificates attributed to the Land Department showing that the broker owned two realty units in Dubai.

The businessman who worked at a realty office gained the confidence of the Indian investor, 29, by summoning him for a meeting at the office. The investor got reassured he was dealing directly with the office.

The businessman showed him the bogus certificates and duped him into issuing cheques in favour of the owner (the broker in disguise). Both the businessman and broker walked away his Dhs938, 080. The Dubai Criminal Court has sentenced both to spend one year in jail to be followed by deportation.

It also ordered them to pay Dhs21,000 worth temporary civil compensation to the investor. In records at Al Barsha Police Station, the investor complained that in April 2016 he came across an ad about property units for sale in Dubai. He contacted the provided number and the businessman responded.

“He told me he had two units at a sale price of Dhs2,245,200. I accepted to buy from him. He took me to the units and opened the door for me. I examined them and liked them,” explained the investor.

The investor requested to see the relevant documents. The businessman showed him copies of ownership certificates bearing the broker’s names. The businessman duped the investor into issuing Dhs938,080 cheques.

“Two days later, the broker cashed the cheques. When I tried to contact him I found he had left the country. The Land Department notified me the units belonged to someone else. I realised I had fallen victim to a fraud.”

The realty office’s Azerbaijani manager said the businessman had a long experience in the realty field. “He worked for us for nearly one month and brought us customers. He suddenly absconded.

We learnt he had conned a number of customers.”

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