Man Ordered to Pay Dh1 Million After Defrauding Woman in Fake Investment Scheme

The Abu Dhabi Court for Family, Civil, and Administrative Claims has upheld a ruling ordering a man to pay a woman Dh1,083,657, including Dh50,000 in compensation, in connection with a fraudulent investment scheme.

The case began when the woman filed a lawsuit against the man, demanding he repay the total amount. Her claim included Dh618,809 in interest stemming from a bank loan she had taken and transferred to his account, as well as Dh100,000 in compensation for damages suffered.

She also sought 12% late payment interest from the date the case was filed, in addition to court fees, legal expenses, and associated costs.Also read: Saudi Consulate in Geneva Reports Death of Citizen in Lake Drowning Incident