Dubai: Scores of UAE businessmen have been left counting their losses after a fraudulent Indian firm proprietor shut store and fled the nation on an Indian repatriation flight after stealing items value practically 6 million dirhams, a media report stated.
Yogesh Ashok Yariava, 36, proprietor of the fraudulent Royal Luck Foodstuff Trading, boarded a repatriation flight to Hyderabad from Abu Dhabi on May 11, the Gulf information report revealed on Saturday.
On May 20, a number of individuals who had been duped by the Yariava, visited the Indian Consulate workplace in Dubai within the hope of getting an viewers with Consul General Vipul.
The following day they went to Bur Dubai police station with the dud financial institution cheques.
According to the Gulf News report, Royal Luck Foodstuff approached merchants and made bulk purchases in opposition to post-dated cheques.
When their post-dated cheques began bouncing, the merchants rushed to Royal Luck’s Opal Tower workplace in Business Bay.
But it had shut down and all their 18 staffers additionally disappeared.
“Calls made to the company’s sweet-talking purchase managers who visited us days earlier carrying fancy business cards remained unanswered,” Gulf News quoted an Ajman-based businessman as saying.
Another enterprise proprietor stated he visited Royal Luck’s workplace after his cheque of 79,552 dirhams returned marked inadequate funds, following which he lodged a police grievance.
Legal adviser Salam Pappinisseri from Sharjah-based United Advocates that represents 5 companies which have collectively misplaced over 550,000 dirhams, stated they had been weighing authorized motion in opposition to Yariava in each India and the UAE.