UAE: Man pretends to be company owner, robs woman of $250,000

A 46-year-old Asian has been ordered to pay $250,000 to an American after he defrauded her by pretending to be the owner of a garment manufacturing company.

The court also sentenced him to six months in prison, followed by deportation after serving his term.

According to the investigation, the accused told the victim that he owns a business in his home country and imports products to Dubai and parts of Europe. He presented her with false documents to convince her to be his partner.

In her testimony, the woman said the man had provided names of investors and a website to reinforce his claim. He also reportedly told her that he earns 12 per cent annually from his business and that she would receive 5 per cent as net profits if the partnership was approved.