DUBAI VISITOR ATTEMPTS TO BUY PROPERTY WITH FAKE MONEY
Wednesday, 17 Sep 2008
A visitor to Dubai has denied allegations that he was in possession of counterfeit money to the value of 2.5 million Indian rupees and denied that he attempted to purchase some property in Dubai with this counterfeit money. The public prosecution in Dubai charged the visitor, a 28-year-old man from Pakistan, with the possession of counterfeit money of a currency foreign to Dubai, with the intent of selling the money in Dubai.
A 32-year-old man in Dubai, working in the real estate business, told the police that the suspect told him he wanted to buy property in Dubai for investment reasons, but the accused insisted that he was innocent of the charges, telling the presiding judge, Abdul Majid Al Nezamy, “I am innocent.”
The Dubai businessman stated that he showed the suspect a number of different accommodations in Dubai, and that he said he wanted to buy a few of the properties in Dubai on behalf of “some businessmen who assigned him to buy them properties in the Emirate”.The businessman went on to say, “I only agreed to collect from him foreign currency after having the amounts checked at a money exchange house or a bank. I asked him for Dh500,000 as a down payment but he agreed to pay the equivalent of Dh250,000 in Indian rupees.”
The businessman informed the police that he had agreed to sell the property in Dubai to the suspect, and conveyed the Indian rupees to a money exchange house in the Naif region, where he was told that the money was not real. A police sergeant working in the Economic Crimes Section of the Dubai police force said in a statement that the businessman had reported the unpleasant incident, and that he had helped the police in the arrest of the suspect.
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