7starsdubai's Weblog

Dubai Real Estate – Property News – Investment Dubai – International Press

Archive for February 18th, 2009

Iranian conned by Dubai ruling family

Posted by 7starsdubai on 2009/02/18

original published

http://www.presstv.ir/Detail.aspx?id=86038&sectionid=3510212

Dubai’s royal family, mired in controversy and scandal, has reportedly swindled a prominent Iranian investor out of millions of dollars.

Exposing the seamy underbelly of Dubai’s real-estate sector, The Wall Street Journal recently revealed how an elite Iranian expatriate, Shahram Abdullah-Zadeh, was kicked out of a USD 750-million real-estate company he had helped establish.

Read the rest of this entry »

Posted in Dubai | 1 Comment »