Oman crime: Alert for ‘investor’ who went missing with OMR300,000
Six complaints have now been filed with the Royal Oman Police (ROP) over the missing man as investors want him caught or their money returned. Picture used for illustrative purposes only. Photo-FileOman crime: Alert for ‘investor’ who went missing with OMR300,000
Muscat: Police officials have made necessary arrangements to prevent an alleged fraud investor, who has gone missing with OMR300,000, from leaving Oman, victims said.
Read here: Indian expat dupes many in Oman, goes missing
Six complaints have now been filed with the Royal Oman Police (ROP) over the missing man as investors want him caught or their money returned.
“As his passport is with the sponsor, police believe he has not left Oman. So they have informed authorities at borders and airports to keep a tab on him,” a victim, who has lost OMR50,000, told the Times of Oman.
The fugitive, called SK, is from the south Indian state of Kerala, and has been reportedly missing after he failed to repay OMR300,000 to at least half a dozen businessmen since the last week of August. According to the duped victims, the three mobile phone numbers of SK are not reachable and he is missing from his home in Muscat.
The investor had taken money from victims by handing over cheques and other bonds to start a joint business in Oman.
However, after investing their money, the victims found that nothing was progressing on the business front. When they produced the cheques in the bank, they found them to be fake, forcing the victims to file a case with the police in August.
According to a legal advisor, who is handling the duped businessmens’ cases, there are six complaints lodged against SK with the police in Muscat.
“Day by day, the number of people approaching us for assistance to lodge complaint is growing. It seems the amount will go up further,” the legal advisor added.
Another businessman said when he launched an individual investigation after losing money, he had found many others who had also loaned SK huge sums.
The investor was staying with his family and had sent them back a few months ago.
In June, another Indian company official went missing, leaving two Omani businessmen liable for OMR200,000.
In 2015, a number of companies were duped by a trading firm in Muscat, which was owned by an Omani and run by an Indian manager. The companies claimed they had suffered a loss of at least OMR1 million.
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