Omani investors abroad told to be vigilant

By Staff Reporter — MUSCAT: March 12 - Oman Chamber of Commerce and Industry (OCCI) in a statement issued on Sunday warned Omani investors abroad to be careful before entering into any kind of business agreements. The chamber was responding to a report in a regional newspaper, which said that 22 Omani investors have been victims of a scam amounted to nearly RO 450,000. The chamber said the investors should seek help from legal authorities 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 RO 450,000 from 22 Omani investors as deposits for three-bedroom flats in Dubai. The newspaper report said that the fraudster claimed to be a partner with a member of an influential family when they met at an office in Muscat in August last year.