An Indian businessman in Dubai is said to have lost more than Dh1.8 million after serial scammers in a matter of days fell victim to all four of his business endeavours. The businessman is shocked and devastated.
Mirza Iliaz Baig, who oversees IRA Travel and Tourism, Iveond Consultancy, and a general trading company with food and building material divisions, stated that five fraudulent companies recently targeted his businesses simultaneously.
He claimed that Iveond Consultancy, a company that sells hard drives, LED TVs, and laptops, suffered the most enormous loss at Dh958,970. Dh648,000 was stolen from IRA Travel and Tourism, and IRA General Trading and Foodstuff, a supplier of onions and sanitary napkins, lost Dh200,315.
Many other complainants have been left behind as fraudulent companies such as Digital Genius Technologies, Daemo International, Noor Al Sidra Trading, Fair Words Goods Trading, and Wahat Al Rayan Trading have disappeared. These businesses had a standard procedure for paying for goods and services: postdated checks that eventually bounced.
Baig exclaimed, “I’m devastated.” It seems unreal. Despite having four distinct businesses in various industries, all of them were connected. I am unsure of how I will bounce back from these setbacks.
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