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Abu Dhabi, UAEMonday 17 December 2018

Man cleared of defrauding business partner of $4.5 million

Pakistani walks free after Dubai Criminal Court acquits him of allegations made by South African.

A Pakistani man who was accused of forging official documents and using them to con his business partner out of more than US$4 million was found not guilty on Thursday morning.

The 34-year-old was accused of fraudulently obtaining Dh120,000 and $115,000 as well as stealing $4.5m from his South African business partner.

The 39-year-old South African claimed that he started a gold and currency trading business with the defendant in 2015 and that he paid all the expenses for starting the business including $115,000 for renting an office in Al Muraqqabat. When he decided to end the business a year later, he claimed he was not paid back any of the amounts and that the Pakistani used men posing as police officers to help him get a hold of the $4.5m.

The Pakistani told judges that the case was malicious and that he didn’t do any of what he was accused of and Dubai Criminal Court believed him and he walked free.