UAE | Crime

Abu Dhabi court sentences swindler to one year in jail

The Abu Dhabi Court of First Instance sentenced a money swindler to one year jail in addition to a fine of Dh50, 000.

  • WAM
  • Published: 14:34 June 8, 2008
  • Gulf News

Abu Dhabi: The Abu Dhabi Court of First Instance sentenced a money swindler to one year jail in addition to a fine of Dh50, 000.

The swindler, identified as M.F.M.B, was found guilty of running an unlicensed “financial investment'' service, a project which enabled him to collect money from UAE nationals and expatriates. He regularly paid profits of up to 70 per cent to gain confidence of his victims and lure more investors.

Banned from any commercial activities for two years, the swindler will be deported from the UAE after serving his jail term.

An official source at the office of the General Prosecutor's Chamber has warned against such bogus financial investment companies: “We hope the general public would not be gullible to believe in such schemes.''

He said such activities will be met with the full force of the law.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from UAE Crime

  1. Teacher jailed for indecent behaviour

  2. Forum seeks more reforms to human trafficking law

  3. Police officer injured during raid on brothels

  4. Waiters tamper with orders, cheat customers

All articles in Crime

More from UAE

Gulf News
Popular in UAE
Readers' pictures
Your pictures

Readers' pictures

A Selection of the best Gulf News reader pictures this week

Latest news