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Archive for December 18th, 2008

Malika K. has done her Job well

Posted by 7starsdubai on December 18, 2008


Amsterdam, 03 September 2008 —

The UAE is an important crossroads for businesses and, as a result, also for crime. It relies heavily on the entry of international businesses to Dubai and the scale of some of the new real estate projects makes them entirely dependent upon foreign business investment. There are simply not enough local firms to justify the ambitious structures being built.

Dubai has become one of the hottest real estate spots in the world. Dubai’s drive to become one of the major tourist attractions in the world and to attract the rich and famous as residents has resulted in an unprecedented real estate boom.
All these hotels, condos, islands and villa’s have to be built and for that to happen you need money, a lot of money.

Such circumstances offer vast opportunities for less scrupulous citizens. Enter the world of money laundering and fraud.

Real estate investments have long been a preferred way for crime to channel illegally retained funds (drug trafficking, gun smuggling, corruption, etc.) into the regular economy, also referred to as money laundering.
Many countries have taken serious measures to prevent criminal money from entering their real estate markets.
It seems Dubai still has a long way to go.

To be able to launder money you need means to transfer illegally retained funds from one hand to another, from one country to another country. Transferring cash money has become very difficult. The only way is through banks.

The Dutch spy incident, were special agent Malika K. turned from excellent infiltrator and anti terrorist expert into a money launderer for the major drug rings in Europe, showed that even today banks of name and fame are willing to transfer such funds. Malika used Swiss banks to transfer tens of millions of Euros from European crime syndicates to Dubai.
Malika suposedly heads an organization that collects criminal funds all over Europe, transfers the funds through European banks to Dubai, and invests the funds in Dubai real estate.

In Dubai, Malika K. works for Define Properties, a company that was recently set up by Tarek Kandil with money from a well known Egyptian arms trader.
Define Properties gives Malika a perfect cover to funnel the collected illegal funds into the booming real estate market of Dubai. The illegal funds are used to invest in property which is than sold at a profit. Now the illegal funds have become legal.
As a (former) anti terrorism intelligence officer Malika has access to a vast network that supports her in her illegal practices.

Before Define Properties Malika K. worked with Omniyat were she was responsible for another well known Dubai real estate decease: fraud.
This Dubai decease has many faces, but what is most concerning and damaging Dubai’s image is the fact that it affects honest people, with honest jobs and honestly earned money.

Over the years we received many questions and complaints from concerned investors about real estate offers from Dubai. Most offers were coloured with tax free, beautiful weather, high returns and low crime figures.
Doctors, architects, engineers and other white-collar professionals are being conned.

Researching the offers and sales pitches we identified some that smear Dubai’s image:

-Real estate agreements many times resold at a profit while construction wasn’t even started. In some cases there were only fantastic architectural drawings and models and but land was never bought to build it on or there were no roads to the development.
-Hundreds of millions laundered with agreements for delivery of constructions that will or can not be finished.
-The UAE is implementing rules and regulations to prevent fraud and money laundering, but unfortunately it is not enough (yet) able to check all offers, and in particular the companies and expatriates that offer projects to the public outside the UAE.
-Agreements with guarantee. The first buyer is guaranteed for the basic investment or completion. This implies that the first buyer will see project completion or will get his money back if the development fails for some reason.
But a large chunk of those first buyers look for a quick profit and are not interested in completion, they sell their rights at a handsome profit.
Some contracts have changed beneficiaries 4-5 times at “market value”. The second, third, fourth and fifth party that bought at “market value” only has the initial guarantee of the first beneficiary leaving them with nothing.

Although our research shows that there still is much to be improved in Dubai’s booming real estate market, Dubai has recently started a crackdown on persons and businesses it suspects of being involved in fraud and money laundering.

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Posted in Dubai | Tagged: , , , , , | Comments Off on Malika K. has done her Job well

Interpol – Money laundry – Malika worked for Define Properties in Dubai – ACI – Niki Lauda Towers

Posted by 7starsdubai on December 18, 2008


original translated by google: http://translate.google.com/translate?sourceid=navclient&hl=en&u=http%3a%2f%2fwww%2erevu%2enl%2f12499%2eEx%2dspionne%2520Malika%2520K%2e%2520staat%2520op%2520straat Malika K., the Moroccan ‘Mata Hari’ from Slotervaart, is dismissed by her company Define Properties in Dubai. It says the director of the company Tarek Kandil in an e-mail. Last week showed that he still Kandil, Malika had suspended “pending the investigation into the allegations” which in his opinion firm were unfounded. . Under pressure from intelligence Kandil has drawn a different conclusion, the work is finally dissolved Monday. Malika’s lawyer mr CMJ Zillikens confirmed yesterday morning in each case the suspension against Revu. According Zillikens the suspension is the result of a “defamation campaign from the Netherlands.” ” “We see what the consequences are,” says Zillikens, it aimed at the continuing online publications of former police officer and private detective Jacques Smits, who was hired by her ex in an attempt to control their son back. Kandil has threatened with legal action if he does not stop with publications about the company. Zillikens together with criminal lawyer Han Jahae last week spoorslags traveled to Dubai. What it wants is discussed Zillikens not say, except that it is a “good trip” and there was more news will soon follow. Malika worked until March of this year by property developer Omniyat Properties. Since she was fired when the company informed brought her back. Smits knew that include telling customers to Omniyat Malika by referring to

Tarek Kandil, an Egyptian who has just started Define Properties.
Kandil had worked for Omniyat, but was fired for unclear reason, as sources tell Revu. Tarek Kandil then dove at Schon Properties, responsible for projects such as Dubai Lagoon and Schon Business Park. The company became discredited because of the various construction projects but did not want rafts and investors suspected that they were taken by the nose. Tarek Kandil to Define Schon left to be examined. tarek kandil define properties dubai

Define Malika has for almost all funds governed by an Egyptian dealer who they already knew, sources tell Revu. Her resignation means to Define also possible that her visa will be revoked and they will have to leave Dubai. In May, the full bench that her 8-year-old son back to the father in the Netherlands, but Malika opposes the extradition of the child. Whether there is a relationship with the custody dispute is not clear, but her ex-husband Mohammed B., owner of an Amsterdam reiswinkel was last Friday when he robbed money and passports of over four hundred customers to airline Royal Jordanian would bring. The robbers have the vault with all the money and a few hundred passports taken. The location of the incident is a massacre, according to eyewitnesses. The two predators would firmly establish the name of Malika have said. The shop was closed Monday. “This is the end of his shop,” says a friend who for years assisted Mohammed state. “We were all scared for a long time that this would happen.” Mohammed B. has many times against Malika declaration made threats and violence, but her lawyers say that the stories B. sucks his thumb to prevent Malika her child in Dubai may hold. Jan Libbenga Jan Libbenga Malika werkte voor inlichtingen én criminelen Malika worked for intelligence and criminals Malika K. Malika K. duikt op in Dubai shows up in Dubai Malika naar Dubai door wangedrag ex-man Malika to Dubai misconduct by ex-husband Wordt Malika K. Is Malika K. uitgeleverd? extradited? this is an google translation from the original report:

Malika K., the Moroccan 
'Mata Hari'  from Slotervaart 
 who as a former spionne 
would have earned millions 
 with the laundering of 
dirty  money, 
is reported in Dubai.  
Sources told Revue this weekend that she has an apartment at the Dubai Marina.

She also has a new job. About her residence were several stories in recent weeks the round. So that they heard Revue in June with a false passport would have landed in France and from there to the Netherlands would be brought, but at different addresses in the Netherlands where they could stay observation teams have found nothing. Since Dubai has no extradition treaty with the Netherlands, authorities can no way. Cees Korvinus lawyer, who for many years the interests of Malika’s ex-husband represents in a custody case, early this year has already called for justice for extradition and that following the publication in Revue last week again done. At the time that there was contact with head Interpol in Dubai to take action, the judiciary refused to provide further details. . The prosecutor wrote that they do not know what the situation is. The publications on Malika in Revue, Telegraph and other newspapers have many disconnected.

Define Properties. Sources refused
Revue not only to her home address
but also on the new job of Malika
This brand new property 
developer,Define Properties  
 in Number One Tower on 
Sheikh Zayed Road in Dubai 
is largely run by former 
managers  of Omniyat, 
the company 
Malika was dismissed 
on March 16.
Director is Tarek Kandil, formerly sales manager at Omniyat.
The name of Malika is nowhere to be found on the website of the company, but it is to see the photo of the press in early June.

The company says now have a working capital of 500 million Dirham, and would have bought land sales worth 1.7 billion Dirham. . The main project is the construction of the Nikki Lauda Twin Towers, which should be completed in 2010. . Director Kandil promised opposite business magazine Business Emirates’ Define that no building plans launches as they do not actually completed, it aimed at the many fraud cases so slowly that Dubai is a very bad name have worried. Supervisor Real Estate Regulatory Agency (Rera) currently doing research on mala fide developers who buy contracts sell many occasions, with no other purpose than to fat profits to gather. . Some of these developers are even funded with money arms from Egypt. Middlemen purchase contracts let criminals’ pre launch ‘on the basis of the beautiful building plans and models,” Frank knows Englishman of Ultra Scan, a Dutch agency that specializes in financial fraud cases. It is a pyramid game that once burst out. ” Damac blies het zogenoemde Palm Springs-project af toen bleek dat men niet eens beschikte over bouwgrond. Certainly eighty investors have from England earlier this year from Dubai developer Damac Properties put under pressure because the luxury apartments were sold but not delivered, even stronger: Damac blew the so-called Palm Springs project off when it became clear that not even available on plot . . Later that was again denied and the company will now still six months to the construction to begin. In June unveiled the Egyptian Telegraph – El Fagr (The Dawn) – in a page article filled an even bigger scandal surrounding a 30 million-acre area covered by the denominator Gamsha Bay to the Red Sea Riviera in Egypt by Damac would be developed as a vacation area. Prime Minister Ahmed Nazif was at the presentation in 2006 and since then there have been 100 million euros to purchase contracts signed. Until various ministries in Egypt peril smoking: the area contains mines, there is oil under and is not suitable for human habitation. Indeed, this area is no formal ownership of Damac. Malika K. diverted, while they worked for rival Omniyat, (criminal) to customers Damac, which they 8-9 percent commission was, according to intelligence data. Piquant detail is Damac El Fagr according to former agents of the secret service as sellers had hired. During his investigation into possible investment frauds of Palm Invest private detective Englishman has an account code detected by Malika at Credit Suisse in Lugano, which they used for money laundering. From this account would be tens of millions of dollars were transferred to Dubai. At Schiphol by the Royal Military Police on August 16 arrested again a money courier who claims that he works for Malika. The man flew from Amsterdam to Milan and from there would go to Dubai. . The Royal Military Police would like this against Revu not confirm. We do not have communications arrested persons, unless we come out themselves.” The arrest of a Turkish money courier in October 2007 was for intelligence agencies to cause great alarm to save on their ‘Malika’. They had to investigate suspicious money flows in the fight against international terrorism, but showed itself at the center of this network are. Jan Libbenga also http://www.revu.nl/12003 http://translate.google.com/translate?sourceid=navclient&hl=en&u=http%3a%2f%2fwww%2erevu%2enl%2f12003

International intelligence agencies and criminals are hunting the

32-year old Malika K., a Dutch infiltrators on the wrong side of the

line landed, and that during her work for intelligence agencies grew

into a broker in criminal relations.

The Amsterdam of Moroccan descent is suspected from its place of Dubai international drug shipments to finance and facilitate, including XTC-Dutch merchants. According to rough estimates in recent years, there were more than 100 million euros through her hands. Many criminals showed their traditional money laundering addresses in the lurch for Malika K.. Attempts to her earlier this year failed to hold. Malika M. is wanted for money laundering, fraud, receiving stolen goods, arson, kidnapping and the commission for liquidation.


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