UAE arrest warrant issued for Sulaiman Al Fahim

A bit harsh that a "manageable" AED8,000,000 (about £1.4 million) debt has risen to AED374 million (£65 million) due to late payment penalties!

BTW expats can buy freehold property in select areas of Dubai.
 
In his very own book, this prick effectively boasted that his empire was built on the back of a great big ponzi scheme. He's a proper scumbag. Doesn't surprise me that the warrant has been cancelled; the Emiratis aren't exactly renowned for vigorously pursuing their own homegrown fraudsters, especially when there are nasty foreigners to lock up for failing to pay medical bills while dying of cancer.
 
moomba said:
Doesn't have anything to do with us, but it does make you wonder.

I'm sure we would have all been happy with an Arab "billionaire" Al Fahim taking over, I guess we're just incredibly lucky he was doing a job for someone else.
Don't think he's quite at that financial level somehow!
 

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