OCCI cautions Omani investors on overseas deals

Observer Online

Muscat – Oman Chamber of Commerce and Industry (OCCI) has warned the Omani investors abroad to be careful before entering into any kind of business agreements with them. OCCI was responding to a report in a regional newspaper that 22 Omani investors were victims of a scam. The chamber said they should seek help from legal services to ensure the validity of all documents.
As per the original report, a man posing as a UAE-based property developer proved to be a con artist after collecting RO450,000 from 22 Omani investors as deposits for three-bedroom flats in Dubai.
The report said the fraudster claimed to be partners with a member of a ruling family when they met at an office in Muscat in August last year.