Three greedy women lose Dh1.6m in 'fund' scam

Three women in Ajman seeking quick profits lost nearly Dh1.6 million after depositing their money for investment with a woman who later vanished.

The women, two Emiratis and one Arab expatriate, said they had trusted that lady after she told them she made large profits from trading in imported clothes and perfume and that she wanted them to share her windfall.

The women, quoted by the Dubai-based Arabic language daily 'Emarat Al Youm', said they started to give her funds in installments and that they were encouraged by the fact that she allegedly worked at Ajman traffic department.

The paper quoted the women as saying they began handing her more funds after she provided them with nearly Dh3,000 in monthly income.

“The women said they lost a total Dh1.6 million in such a fund scam after the woman disappeared,” the paper said.

“The women, speaking on a radio programme in Ajman, called on the ministry of interior to find that woman and retrieve their funds.”

The paper said it tried to contact Ajman’s police about the case but there was no reply.

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