The investor quickly alerted Dubai Police after discovering he had fallen victim to a planned fraud, prompting a formal criminal investigation.
A Dubai court has ordered two men to repay Dh4.4 million and pay a further Dh300,000 in compensation after defrauding an investor with false promises of securing a UAE Golden Visa.
The Dubai Civil Court issued the ruling after the victim filed a civil lawsuit seeking to recover the money and claim compensation for the financial and emotional harm caused by the fraud.
According to court documents, the incident began when the two men approached the investor with what they presented as a lucrative and straightforward opportunity. They persuaded him to pay Dh4.4 million, claiming they could arrange a 10-year UAE Golden Visa through official investment channels.
Trusting their assurances and claims, the investor transferred the amount to the pair.
However, after receiving the money, the two men stopped communicating with him, failed to submit any legitimate residency applications and misappropriated the funds for personal use.
After discovering the fraud, the investor reported the matter to Dubai Police, prompting a criminal investigation into the alleged deception and breach of trust.
During the criminal proceedings, prosecutors charged the two men with fraud and unlawfully taking funds belonging to another person. After examining bank transfer records, correspondence and investigation findings, the Dubai Criminal Court found both defendants guilty, holding them responsible for deceiving the investor and taking his money through fraudulent means.
Following the criminal conviction, the investor filed a civil case to recover his losses.
The civil court ruled that the criminal judgment established the unlawful conduct and held both men jointly responsible for the financial losses and emotional harm suffered by the victim.
The judge ordered the defendants to jointly repay the full Dh4.4 million and pay an additional Dh300,000 in compensation for material and moral damages. They were also ordered to cover legal fees, interest and court costs.
