Suspects assure a man to get Dhs1m loan sanctioned, dupe him of Dhs100,000 in Sharjah

Sharjah Misdemeanour Court heard a fraud case in which a number of suspects were charged with seizing Dhs100,000 from a victim, after deceiving him into believing they could secure a financial loan worth Dhs1 million through a financing entity.

The complainant explained that the suspects deceived him into believing they could finalise the loan approvals through a company specialising in facilitating loan financing, in return for Dhs100,000, which was a percentage due to the company from the loan's interest.

The complainant added that he handed them the agreed-upon amount hoping to obtain the financing, but he did not receive any loan or financial sums thereafter.

According to the case documents, the suspects seized Dhs100,000 from the complainant after deceiving him into believing that the loan approval procedures were complete, without granting him any actual approval or completing the procedures for obtaining the financing.

When confronted before Sharjah Misdemeanour Court with the charges of fraud and seizure of funds, the suspects denied any relationship with the complainant or knowing him.

The court postponed the case to notify the complainant and complete the legal procedures.