Man held trying to flee with Dh6m

Ajman: The Ajman Police in coordination with Dubai Police arrested a 45-year-old Indian businessman R.K. on Wednesday at the Dubai International Airport while trying to flee the country after allegedly deceiving a group of real estate companies by forging signatures on investment contracts to help them rent out apartments and commercial units.
According to Ajman Police, the businessman issued several dud cheques and was trying to flee the country with Dh6 million cash collected as rent from tenants.
R.K., owner of a real estate agency in Ajman received Dh6 million in cash from tenants after he had rented them units belonging to more than eight real estate developing companies. He had managed to convince the real estate developers to sign investment contracts with him to allow him to rent out residential and commercial units to tenants on their behalf against post-dated cheques.
The companies discovered that R.K. had swindled them after the cheques issued by him bounced.
22/02/08 Afkar Abdullah/Khaleej Times, United Arab Emirates

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Categories: airports Feb 2008, Foreign Feb 2008