Dubai Expat in $136m Contract Scam

Expat Globe

Everyone knows that moving abroad can be a hazardous endeavour. A new country brings with it a new culture and a new way of doing things and the expat’s old defence mechanisms and natural skepticisms can be put out of kilter.

This means it is more important than ever to be vigilant of possible attempts by miscreants to part the expat from their cash. However, sometimes it is the locals that need protecting from the nefarious scams of the expat.

One Dubai expat has been arrested on suspicion of attempting to defraud several Asian based companies.

The individual under investigation who has not been named set up a scheme purporting to be involved in building 85 villas for a hotel complex in Al Ain. Allegedly armed with a fake contract from a major genuine local construction firm for the $136m building project he approached several sub-contractors to entice them to pay a commision in order to compete for a slice of the project.

One of these sub-contractors approached the police after becoming suspicion leading to a trap being set for the alleged European scammer. The Dubai authorities searched a property in the Emirate discovering further copies of the faked contract complete with forged stamps and signatures.

According to local reports the expat has admitted possession of the documents but denies using them.