Conviction of lawyer wins freedom for trio accused of Dh500m scam



ABU DHABI // Three men have been cleared of cheating a renowned UAE businessman out of nearly Dh500 million - after his lawyer was convicted of fraud.

The trio were accused of duping the businessman in a deal involving stocks in a Yemeni telecommunications company.

One of the men claimed he could broker a deal using the businessman's funds to acquire 15 per cent of the company's stocks and then sell them on to an investor interested in buying them at a higher price.

Another man was said to have posed as the investor to convince the businessman he would be able to sell the stocks.

The businessman then gave them Dh486m to buy the stocks, but after the purchase the investor lost interest in the deal and the businessman was left with overpriced shares.

The trio were put on trial at the Misdemeanour Court, which sentenced one of them to two years in jail and ordered him to pay Dh21,000 as temporary compensation to the businessman while he pursued a civil claim. It acquitted the other two.

While the Appeals Court was hearing the case the man who was sentenced to jail reported the businessman's lawyer MA, from Egypt, to police. He claimed the lawyer had offered, without his client's knowledge, to help prove the man's innocence. The man said the lawyer offered to provide documents that could secure his acquittal in exchange for Dh40m.

Police found the lawyer in possession of a forged document intended for this purpose and the lawyer and three of his associates were convicted.

The Appeals Court then cleared the three men accused of scamming the businessman.

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

UK - UAE Trade

Total trade in goods and services (exports plus imports) between the UK and the UAE in 2022 was £21.6 billion (Dh98 billion). 

This is an increase of 63.0 per cent or £8.3 billion in current prices from the four quarters to the end of 2021.

 

The UAE was the UK’s 19th largest trading partner in the four quarters to the end of Q4 2022 accounting for 1.3 per cent of total UK trade.

The flights: South African Airways flies from Dubai International Airport with a stop in Johannesburg, with prices starting from around Dh4,000 return. Emirates can get you there with a stop in Lusaka from around Dh4,600 return.
The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
Accommodation: The Royal Livingstone Victoria Falls Hotel by Anantara is an ideal place to stay, within walking distance of the falls and right on the Zambezi River. Rooms here start from 6,635 kwacha (Dh2,398) per night, including breakfast, taxes and Wi-Fi. Water arrivals cost from 587 kwacha (Dh212) per person.


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