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28 March 2024

Accused deny charges of conning businessman

Published
By Eman Al Baik

Two men allegedly conned the businessman Abed Al Boom, who was sentenced to 923 years in jail for about Dh1bn worth of fraud, into paying them Dh1m, the Dubai Misdemeanours Court heard.

RM, 40, Lebanese, and JA, 47,Egyptian, are accused by the Prosecution of forging a letter from the UAE Central Bank and unlawfully obtaining Dh1m from the lawyer and Al Boom. They used the forged letter in 2009 to convince Al Boom and the lawyer AA that his client, JA, could provide them with Dh1bn to settle their financial problems. 

Al Boom, currently on bail while his appeal is being heard, was convicted guilty of breach of trust of 3,706 investors and embezzling Dh960m.

According to the records, Al Boom paid Dh850,000, and the rest of the one million was paid in a cheque issued by the lawyer AA. After taking the money, they started delaying giving 1bn cash they had promised. 

The two accused denied the accusation and JA requested providing the cheque to the court “through the dates I will prove that I am innocent.”

AA testified that he met RM who was in detention with Al Boom in Al Muraqqabat Police Station.  

RM and JA who used to visit showed Al Boom and the lawyer documents that prove the authority been given to JA to manage billions of derhams deposit in a local bank, testified AA.

"He told me he could provide up to Dh5bn and asked for Dh1m commission," AA testified.

 Al Boom managed to pay Dh850,000 in cash and the rest Dh150,000 the lawyer paid in cheque before Al Boom was released from detention. When they started delaying to fulfill their promise, Al Boom reported the issue to the Police, testified AA.

The Court adjourned the case until October 17.