Dubai authorities have successfully jailed two individuals involved in a fraudulent scheme that deceived an investor out of Dh210,000. The scam revolved around a fabricated hotel floor lease agreement, which was falsely presented as legitimate.
Details of the Scam
The victim was persuaded to invest after one defendant assured that the hotel floor would be prepared within 10 to 20 days. However, upon presenting the contract to the actual hotel management, it was revealed to be counterfeit. The fraudsters used a fake lease agreement to extract a substantial amount of money from the investor.
Actions Taken by Authorities
The Dubai police have confirmed that robust measures are being taken to apprehend and penalize individuals involved in such fraudulent activities. After thorough investigations, the two accused have been sentenced to imprisonment, emphasizing the seriousness of the crime.
Precautions for Investors
Investors and property buyers are strongly advised to:
- Verify all documents and contracts with official sources.
- Refrain from making payments without thorough validation.
Dubai’s police and legal entities remain committed to safeguarding residents against fraud in the property market.
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