2 Indian men accused of of illegally obtaining 220 million dirhams in Dubai

Two Indian men have been accused of illegally obtaining 220 million dirhams from a Dubai company after establishing a fake oil refinery to lure shareholders, a media report said. The Dubai Court of First Instance heard on Monday that the 44-year-old Indian defendant, who is at large, worked for a Dubai company specialised in foreign investment activity like buying shares and bonds from international stock markets, reports Gulf News. He had the authority of trading with $30 million per day to buy shares and bonds from the international stock markets. According to Dubai Public Prosecution, the defendant facilitated the crime of the 46-year-old Indian businessman and others for a 25 million-dirham bribe. (IANS)

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