Scamsters vanish with millions
A group of fraudsters who established a fake firm have swindled a number of local suppliers of construction equipment in a multimillion riyal scam that has shaken Qatar business circles.
The scam in which Indian nationals are reportedly involved, took place during the fortnight starting from the first day of Eid. All those involved are said to be UAE residents.
The “company” involved in the fraud had set up an office at a newly- built tower in West Bay. It has been closed for more than a week now.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=389124...
Keralites, hang your head in shame....
This people are organize syndicate, and operating not only here in qatar but also in other countries...
hang em! hang em high!
But find them first ...
Nomerci, I envy your sense of humor.
Ooooh, ouch! But let's not talk about lynching, OK?
Mandi
For a second I though it said "Hamsters vanish with Millions"...oh dear!
the goods were sold in dubai at half the rate - this is what lungi news reports say
did money exchange hands?
People cheat people who let themselves be cheated...it's as simple as that...all the suppliers in question needed to do was verify the credentials of this so-called company or the individual credentials of it's so-called executives BEFORE supplying their order...the red flags would've gone up & nobody would've lost any money...
problem here is a combination of greed & plain unawareness...& people like these scamsters who are there to exploit that combination...it takes two hands to clap @ the end of the day...
I'm only concerned about the effects on the Indian community...it's people & incidents like this that tarnish our reputation as honest,hard-working people...having said that,there are always bad apples in every box...hope they track them down & justice is served...
so called strict rules of Qatar :D
Just my thoughts WK, on what guarantee did they supply the goods? and gave enough time to ship them and flee?
This is one of that sort of scam. There had been similar issues which are not yet reported. I know a friend of mine who paid Qr. 20000 as share to some Indian guys belonging to a well known religious organizations who promised to start a speciality hospital in Qatar. They presented it to their community of Qatar with slides and powerpoint presentations. They opened an Office in Hilal area, collected the money from some middle income people, gave a temporary receipt and vanished in the air. My friend contacted the guy who presented the scheme who told him to contact some guys in Qatar who are the Organizers.
Suppliers were stupid as well.
How can you supply to a first time customer without any guarantee or something. That's why we only deal on LC basis
It's an utter shame...
They really are very good businessman.........
not so smart. since embassy is involved, it wont be long before they will be cooling their heels in some kerala jail
Smart guys, they're probably sipping mojitos on some island :-P
the figure is more than QR 15mn.
these are organized crimes, they are not just operating in this country.
DP
hope the victims recover their money..
True.. Pajju has also been missing since then..:)
this is not the first time and this will not be the last time that such a thing happens
This is serious..
some people get out of their senses seeing money and profit. How can you rely on a company in a fortnight and delivers goods on PDC and LPO.