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Posted On: 30 August 2009 10:33 am
Updated On: 12 November 2020 02:10 pm

Firm accused of cheating to refund investors

Paper Boy
Paper Boy
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The investment company accused of cheating investors to the tune of QR200m has announced it will refund the money to the victims today and tomorrow. The company has asked the investors to come to its offices in Doha and collect their money. Males can get their money today while female investors have been asked to come to the company tomorrow, according to Al Sharq. However, some people have not received any information from the company about the refund, the paper said. The head of the investment company was recently nabbed at the Doha International Airport after he flew into the country from another GCC state. He allegedly lured people to invest in real estate and stock market investment funds with promised returns of close to 200 percent. There are people who invested as much as QR20m in the company and are waiting to get their money back. The man has promised to refund every single riyal that took from the investors. A couple of days ago, some of the victims reported that the company had contacted them and asked them to visit its office within the next few days to collect their money.