Dubai court orders two Golden Visa fraudsters to repay Dh4.7 million to investor
A Dubai civil court ordered two men convicted of fraud to return Dh4.4 million and pay Dh300,000 in compensation after they duped an investor with a fake Golden Visa scheme.
Dubai civil court orders Dh4.7 million repayment in Golden Visa fraud case
Two men convicted of defrauding an investor through a fabricated UAE Golden Visa scheme have been ordered by a Dubai court to jointly repay Dh4.4 million and pay an additional Dh300,000 in compensation, the Khaleej Times reports.
The Dubai Civil Court issued its ruling after the victim filed a civil lawsuit seeking restitution of the stolen funds and damages for the financial and personal harm caused by the confidence trick.
According to court documents, the two accused approached the investor and presented what they described as a lucrative, straightforward opportunity. They convinced him to transfer Dh4.4 million, claiming they could arrange the issuance of a 10-year UAE Golden Visa through official investment channels.
Once the money was in their possession, the pair severed all contact. No legitimate residency paperwork was filed, and the full amount was misappropriated for personal use.
The investor reported the matter to Dubai Police, triggering a formal criminal investigation into the alleged fraud and breach of trust.
Public prosecutors subsequently charged both men with fraud and unlawful appropriation of third-party funds. The Dubai Criminal Court reviewed bank transfer records, written correspondence, and investigative findings before convicting both defendants and establishing their criminal liability for deceiving the victim through fraudulent means.
Armed with the criminal conviction, the investor turned to the civil courts to recover his money. The Dubai Civil Court affirmed that the criminal verdict constituted conclusive proof of the unlawful act and held both men jointly liable for the financial losses and emotional distress suffered by the victim.
The judge ordered the pair to jointly return the Dh4.4 million in full, pay Dh300,000 in compensation for material and moral damages, and cover all legal fees, interest, and court expenses.
Source: Khaleej Times