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    • Criminal Complaint filed against Al Fajer Properties Sheikh Maktoum
      Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties The Dubai Sheikh who mislead and extort a German Couple  Germany – Dubai 2011 A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residen […]
    • UAE: Human Rights Blogger, Sorbonne Lecturer Charged With ‘Humiliating' Officials
      source Human Rights Watch www.hrw.org (Beirut) - The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE governmen […]
    • Nakheel Dubai Sunland Case
      June 5, 2011After 21 hearings, Chris O'Donnell, the Australian chief executive of Dubai's major developer, Nakheel, came to the defence of his former colleagues Matthew Joyce and Marcus Lee. Mr Joyce and Mr Lee are accused of profiting from the sale of land that had been earmarked for a colossal high-rise development, which was to include the futur […]
    • Dubai Nakheel CEO decided to leave the company
      Dubai June 7, 2011 Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added. O'Donnell has overseen a traumatic time […]
    • Owner of Dubai Developer Damac Hussain Sajwani files case against Egypt corruption ruling
      Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute and the conviction of its chairman and owner, Hussain Sajwani.A Cairo court last week sentenced Sajwani in his absence to jail and ordered him to pay a $40.5 million fine in connection with his 2006 purchase of land at Egypt's […]
    • Dubai Palm Jumeriah - Investors plan to take legal action
      Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve the developer behind the project with a legal ultimatum to hand over their units or issue them with a refund.Up to ten investors in the luxury complex plan to issue Souq Residences with legal notice in a bid to force a resolution to a dispute that has been ongoing for more than a yea […]
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Archive for the ‘Al Fajer Properties’ Category

Sheikh Maktoum CEO of Al Fajer Properties committed a fraud and did not pay his debts

Posted by 7starsdubai on August 16, 2014


Al Fajer Properties “Residential” Tower Jumeirah Business Centre was a Ghost Project

Sheikh Hasher Maktoum – The Royal Thief of Dubai – Criminal Complaint

Sheikh Maktoum Hasher Maktoum Al Maktoum from Dubai UAE ( today also CEO of Shuaa Capital ) mislead a German couple in 2008 by suggesting them to deliver an 100 sqm Apartment in a “Residential” Tower , Plot H3 in Jumeirah Lake Towers Dubai. But in reality he never intend to built a Residential Tower in 2008. In his full acknowledge that the Tower will be a Commercial Office Building, he mislead the couple, put their money in his pocket and didn´t pay back a single cent to them. Sheikh Maktoum caused the couple damage over 1,5 Mio AED. He embezzled their property rights in March 2008 to a third party , enriched himself and committed a fraud.  Several attempts to resolve this claim have failed, because Sheikh Maktoum Hasher reacted only in form of extortion and other threats against the german couple.

History

They bought the apartment in 2005 at Nakheel´s Falcon Tower in Dubai. Nakheel transfered the contractual obligation in mid 2006 to DMCC (Governement Dubai). DMCC later in 2006 named for the Falcon Tower the developer Al Fajer Properties, who stept in the contractual obligations. The couple was promised at the transfer that nothing will change, that Al Fajer Properties will deliver the Apartment in an 100 % Residential Tower, 100% under the conditions and Building constitution like the bought in 2005 at Nakheel, completion 2008.  The couple paid 3 installments (45%) of the total ammount directly to Nakheel. The payments have been transfered by DMCC to Al Fajer Properties.

But in reality Al Fajer Properties planned, market and sold this Building  as 100 % Commercial Tower March 31, 2008.

Sheihk Maktoum Hasher Maktoum mislead the couple in March 2008 and used a lawyer to extort them. He forced them to sign an uncolmplete document with false informations.

This action has been rejected by the couples lawyer.

During this period he already prepared the Deal with Dynasty Zarooni, whom he sold the sqft for the triple of the price the couple once bought.

The Tower developed by Al Fajer Properties  is now named Jumeirah Business Centre ( 8/9 – and was also on the market for sale by the name Ebony and Ivory Towers)

After have been mislead, deprived of their property rights by illegal actions and extortion  ,financial and mental extremely damaged by receiving several threats from Al Fajer Properties since 2008 upon 2009,  a criminal complaint was filed in Germany already in August  2009 against the CEO and President of Al Fajer Properties, Maktoum Hasher Maktoum Juma Al Maktoum. The witness hearings and investigations in Germany are still going on. I can be assumed that Maktoum Hasher Maktoum also mislead his lawyers during the period on which he used them for correspondence to commit this fraud.

Upon today Sheikh Maktoum Hasher Al Maktoum didn´t pay back a single Dent to the couple – nor did he deliver an apartment. Several attempts to end the case by asking to pay his full debts ( installments + compensation)  failed. Correspondence sent to Al Fajer Properties from December 2011 to March 2012 , remain unanswered.

No doubt Sheikh Maktoum of Al Fajer Properties is in full legal obligations to pay this debts he prefer to remain silent.

Details

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Posted in Al Fajer Properties, Denton Wilde Sapte, Developer Dubai, Dubai Fraud, Fraud Dubai, Jumeirah Business Centre, Maktoum Hasher Maktoum, Nakheel, Sheikh Maktoum Al Maktoum, Sheikh Maktoum Hasher Al Maktoum, Shuaa capital | Tagged: , , , , | Comments Off on Sheikh Maktoum CEO of Al Fajer Properties committed a fraud and did not pay his debts

The tragedy around former CEO of Al Fajer Properties Dubai Shahram Abdullah Zadeh goes on

Posted by 7starsdubai on July 10, 2014


Prag juli 2014 shahram zadeh Prague – The media took place in March 2014 when the police in Prague uncovered a huge tax fraud, which was assumed be organized by Czech businessman of Iranian origin Shahram Abdullah Zadeh. Reporter Dalibor Bártek discovered a number of interesting facts from the past of Zadeh, but also from its recent action in connection with another case.

On March 19, 2014, the Czech anti-corruption department initiated a comprehensive police raid. 160 policemen searched a total of 25 sites in several regions of the Czech Republic. Among other them, the luxurious presidential suite at the Hilton Prague, which was rented since years by the Czech businessman Shahram Abdullah Zadeh.

The result of the police raid was the imprisonment of fifteen people, including Shahram Zadeh. He was charged with tax evasion in connection with the importation of fuel from abroad in the Czech Republic in the context of organized crime.

In the case of a final judgment, the members of the criminal group expect a prison sentence up to 13 years. According to press reports, it should be the biggest tax loss of the last years. The sum amounts to about four billion euros. According to police and the ongoing investigation it is said, that the head of the criminal group was Shahram Zadeh.

 

continue reading in the Czech Media (use google English translation)

 

Posted in Al Fajer Properties, Dubai Property Fraud, Maktoum Hasher Maktoum, Shahram Abdullah Zadeh, United Arab Emirates, Vereinigte Arabische Emirate | Tagged: , , , , , , | Comments Off on The tragedy around former CEO of Al Fajer Properties Dubai Shahram Abdullah Zadeh goes on

Criminal Complaint filed in Germany against Dubai Developer Al Fajer Properties

Posted by 7starsdubai on October 16, 2011


Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties

Germany – Dubai 2011

A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residential Falcon Tower located on Plot H3 Jumeirah Lake Towers. The completion of this Tower should be  March 2008 but the apartment was never delivered and they end up in a Horror scenario when the development was transferred from Nakheel to Al Fajer Properties in 2006.

Criiminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum CEO of Al Fajer Properties

After have been mislead, deprived of their property rights by illegal actions and extortion  ,financial and mental extremely damaged by receiving several threats from Al Fajer Properties since 2008 upon 2009,  a criminal complaint was filed in Germany already in August  2009 against the CEO and President of Al Fajer Properties, Maktoum Hasher Maktoum Juma Al Maktoum. The witness hearings and investigations in Germany are still going on.

History

In 2006 the Residential development Falcon Tower Jumeirah Lake Towers was transferred from Nakheel to DMCC ( 100% Government) and Al Fajer Properties was named by DMCC as new Developer of the Falcon Tower.
DMCC ensured in writing that the terms of Al Fajer´s purchase was that Al Fajer Properties will developing the Falcon Tower with the same design, same unit specifications and price at which the couple purchased original at Nakheel.
It was agreed between Al Fajer Properties to take 1:1 over the once valid contractual obligation – just the completion date will be now in December 2008.
DMCC transferred the 45 % already paid installments paid once by the couple to Nakheel, in 2007 to the account of Al Fajer Properties.

A Financial Statement, hold by the couple, from DMCC and Al Fajer Properties shows this evidently.

The process was accompanied by a lawyer of the couple, the correspondence show evidence that Al Fajer agreed to the named conditions and stept 1:1 in the former contractual obligations.

Left in the illusion everything went fine, Al Fajer Properties start in 2008 to threat the couple to sign and agree to a new contract.This contract was given to the couple in November 2007 in form of a draft in presence of their lawyer and staff members of Al Fajer Properties. It was a blank document , containing only terms and conditions but not containing any Building constitution, no Apartment specification, no price, and no other relevant declarations. It was a draft with no specification. Within this draft Al Fajer themself was not named as developer, just as seller.  The Tower on Plot H3 was quoted in the Header now as Mixed Use Building ( Residential/Commercial)  and renamed to Jumeirah Business Centre 8.

Several correspondence upon January 2008 sent to Al Fajer Properties to complete the relevant documentation failed. Al Fajer Properties didn`t provide the relevant Documentation.

March 2008 Al Fajer Properties appointed  a new CEO and President, Maktoum Hasher Maktoum Juma Al Maktoum. Starting on March 10, 2008 the couple received threats from Al Fajer´s lawyer Michael Kerr,  Denton Wilde Sapte,  to deprive them of the property and simply return the amount,unless they did not sign and agree to the incomplete blank draft contract.

After receiving this threats from Al Fajer Properties, the lawyer of the couple ask Al Fajer to refrain from such illegal actions. The actions of Al Fajer have been mentioned to RERA Dubai.

Al Fajer Properties didn`t retrain and repeated in letters upon 31 March 2008 the same threats to the couple.

After this date it remain silent and Al Fajer didn`t react.

A letter wrote by the couple to Al Fajer Properties in June 2008, brought a reaction of Michael Kerr Denton Wilde Sapte, a lawyer namely instructed to do so by the CEO  Maktoum Hasher Maktoum, and showed willingness to pay a full compensation based on the damage cause by Al Fajer Properties to the couple. The discussion was about the sum and damage caused by Al Fajer, based upon the event to enable the couple to buy an adequate apartment. The market price of such an apartment was at that time over 2 Million AED.

After several delays of Al Fajer´s lawyer to step in a negotiation, a concrete willingness from Maktoum Hasher Maktoum Juma Al Maktoum to provide a fair compensation was shown in September 2008.

The correspondence was hold in written form via Email between the lawyers.

A clear calculation about the caused damage and the therefrom resulted compensation sum was presented by the couples lawyer. But Maktoum Hasher Maktoum rejected this  and set out a fixed sum, which would have caused the couple still a damage of 600.000 AED.

Finally the so called good will of Maktoum Hasher Maktoum Juma Al Maktoum end up in further threats by Al Fajer Properties upon a statement October 2008 from his lawyer Michael Kerr Denton Wilde Sapte , by not taking the now offered amount,  to return only the amount of the once paid 45%. ( 345.000 AED).  Within this letter have also been threatened that they contacted in April 2008 a Journalist providing him what happened to them, they would get in trouble if they made the story public in the future.

No more correspondence sent to Al Fajer Properties or their  lawyer were answered after January 2009.

Later it was revealed by the couple , over a document provided to a foreign court, that Al Fajer Properties CEO Maktoum Hasher Maktoum Juma Al Maktoum sold on March 31, 2008 the Tower Plot H3 Jumeirah Lake Towers as a 100% Commercial Tower to Dynasty Zarooni .
The Price per sqft within this MOU, agreed between this parties, was 2050 AED. This however was nearly the triple of the price Al Fajer had to deliver the 1098 sqft apartment of the couple,  purchase it for total 775 000 AED and on which was Al Fajer in the contractual obligation to deliver it.

This document in original also revealed that Al Fajer Properties didn`t  intend to develop a Residential Building on Plot H3, nor a Residential Mixed use Building like quoted in their new draft contract on March 2008, the time frame in which the deal with Dynasty Zarooni was already arranged and new Brochures have been already in the printing for a sales promotion of the now  100 % Commercial Tower on Plot H3.

This document uncovered why the couple should have been mislead and been left in the illusion of a now Mixed used Residential Tower, the reason of unwillingness of  Al Fajer Properties to provide the missing declaration and documentation of the building constitution within the draft contract, to which they extorted the couple several times to sign in March 2008 .

Upon today October 2011, Al Fajer Properties is still holding the since 2005 45% paid installments ( 345.000 AED) from the couple and is not showing any positive will to repay this amount nor remembering the once shown will of a compensation.

The Tower however on Plot H3 Jumeirah Lake Towers , which was converted by Al Fajer in a Commercial Building in March 2008 ,renamed to Jumeirah Business Centre 8 , sold in March 2008 to Dynasty Zarooni, is not completed until today.

From 2010 until 2011 Al Fajer Properties was several times contacted directly via email and an adress of a Lawyer who presented Maktoum Hasher. Within this correspondence it has been asked several times to pay the outstanding debts to the couple. Upon today Al Fajer Properties resists to do so.
In a last correspondence hold with an other lawyer of Al Fajer Properties in 2010 it was quoted, that his client, Maktoum Hasher Maktoum cannot remember that the couple had ever claims against him and that he never offered to repay the investments for the purchased accommodation. His further provocation was : ” Can you please send a copy of whatever contract you believe exists between Al Fajer Properties and your clients” ” If you supply evidence to support their assertion losses attributable to Al Fajer, my client ( Maktoum Hasher) will then review it.

The lawyer was after this correspondence informed that a criminal complaint ( by providing him a copy of the complaint) was already filed against his client and that  it is extremely remarkable, due to the evident correspondence of March 2008 until October 2008 from other lawyers of Al Fajer,  that his client Maktoum Hasher Maktoum start now in 2010 to simulate  not to be in the acknowledge that there was still a claim against Al Fajer Properties and him and that he cannot remember his acts,when he threat them in March and October by saying  just returning a refund of the paid installments to the couple.

Sheikh Maktoum Hasher Juma Al Maktoum who comitted this fraud to the German couple didn`t pay back the money ( over 60 000 Euro) he hold in the accounts of Al Fajer Properties since 2007  nor did he pay the compensation upon today in 2011.

____________________________________________________________

Other Investors who bought offices from Al Fajer Properties development Jumeirah Business Centre ( Eboy Ivory Tower) after Al Fajer Properties deal with Dynasty Zarooni in March 2008 had also been in trouble with his His Highness Sheikh Maktoum Hasher Maktoum Juma Al Maktoum……..

continue reading Reuters “Angry International Investors Demand Investigation in $630 Million Dubai Real Estate Scandal “

Angry International Investors Demand Investigation in $630 Million Dubai Real Estate Scandal

and

Iranian conned by Dubai ruling family  

Wall Street Journal pdf

Posted in Al Fajer Properties, Criminal Complaint, criminal Dubai, Denton Wilde Sapte, Developer Dubai, Dubai Property Fraud, Fraud Dubai, Immobilienbetrug Dubai, Maktoum Hasher Maktoum, Micheal Kerr DWS Dubai, SNR Denton Dubai, Strafanzeige Deutschland, Trevor Hardwick | Tagged: , , , , , , , | 1 Comment »

Emirates Press Law and the Media Blackout

Posted by 7starsdubai on April 9, 2011


source arbabMediasociety October 2009

On May 29, the London-based daily The Independent published an article entitled Dubai property scandal claim emerges amid media blackout. According to the report, a group of investors who had bought properties in buildings by Al Fajer Group, a company run by Sheikh Maktoum Hasher Maktoum , held a press conference to accuse the developer of fraud, according to The Independent.

The investors allege that the developer Al Fajer Properties showed them photographs of buildings it claimed were Ebony 1, Ivory 1 and Ivory 2, but were in fact buildings belonging to another developer.

The investors were demanding a refund totaling GBP86 million.

Unfortunately, the investors didn’t get the sort of press they had hoped for.

Incidentally, Sheikh Maktoum bin Hasher Al Maktoum is the brother-in-law to the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, and soon after the press conference finished, Dubai government officials warned news agencies against publishing articles on the press conference.

“I had written half of the article when I was told by my editor to stop,” a Dubai-based reporter told The Independent. “The investor’s group has records of payment, and it’s obvious that they have been shafted, but we can’t write about it.”

Why?

Because a member of the royal family is directly involved.

To date, we have not received updates from Al Fajer Group regarding the allegations made against the company.

Rather than view Sheikh Maktoum bin Hasher Al Maktoum as a businessman who may have been involved in conning investors out of GBP86 million, the government views him as a royal first, a businessman second.

And herein lies one of the media law’s biggest problems: most UAE royals hold government offices and executive positions in companies throughout the Emirates. In fact, most UAE-based companies have some connection, either directly or remotely, to members of the royal family.

How, then, can the media ever hold these individuals accountable for their actions, if stories (albeit negative ones) cannot be published if they involve a royal?

Sadly, the draft media law won’t help with this conundrum, and it certainly won’t help with future torture tape cases either. Article 32, which makes criticizing government officials and royals illegal, is artfully ambiguous. According to HWR’s report, “[such] a vague law invites self-serving interpretation by the government, and with courts that have proven compliant in harshly regulating speech, the result will be continued anxiety, self- censorship, and arbitrary enforcement of the law in the UAE. It appears designed to insulate the government from public accountability and criticism and would deter investigative journalism and undermine the media’s role as public watchdog.”

According to Samer Muscati, the HWR is putting together a new report, because “the situation is more dire than we anticipated.”

It is dire, especially given that in spite of local restrictions on content, the world press can write and say what they want about the UAE, without ever succumbing to the country’s media laws. And the stories the government doesn’t want the local media to publicize, are being publicized anyway by journalists around the world.

Due to the Internet, the only way to prevent the press from airing your dirty laundry in public is by not having any dirty laundry in the first place.

Interestingly, the draft law is still pending approval. One has to wonder why a country that passes laws so quickly compared to other nations has taken its time with this one.

“I’m hoping that the reason why they haven’t signed the law is because they’re going to amend it,” said Muscati. “They need to reevaluate the law and take the recommendations that we’ve given them.”
It is unclear why the draft law hasn’t been passed. Repeated efforts to contact the NMC for an explanation yielded little more than assurances that the government is working on finalizing the law.
However, transparency was never one of the UAE’s strong points, which is ironic given its desire to maintain its status as a regional business hub. Without transparency, and without press freedom to report on political, business-related and social issues, the UAE is unlikely to repair its mired reputation.

Since the financial crisis hit the region in September 2008, bringing the nation’s billion dollar real estate industry to its wobbly knees, the UAE’s credibility as a stable and profitable developing nation was compromised. Dubai, more so than Abu Dhabi, had over stretched its budget. To date, no one knows how much debt the emirate raked up, but occasional disclosures hint at a distressed economy. Earlier this year, Dubai admitted to owing $80 billion, although analysts suspect the number is higher. Clearly, without the government providing accurate numbers, speculators will assume the worst.

Given Dubai’s drive to raise itself from the economic bog it created running up to the financial crisis, honesty and transparency are tantamount. And without the media’s involvement in reporting information about Dubai and the UAE’s news, any effort to regain investor confidence is slim.

In fact, keeping close tabs on the media, like it does with its companies, will only prove that in spite of the lessons the financial crisis has taught the business world, the UAE hasn’t grasped them yet.

read the full article here

Posted in Al Fajer Properties, Dubai, Dubai Government, Human Rights Dubai, Maktoum Hasher Maktoum, Media Control | Tagged: , , , | Comments Off on Emirates Press Law and the Media Blackout

Maktoum Hasher Al Maktoum Al Fajer Properties Dubai

Posted by 7starsdubai on February 10, 2011


Video Sheikh Maktoum Hasher Maktoum Al Maktoum Al Fajer Properties Dubai UAE

read also ….. Criminal complaint filed in Germany against Sheikh Maktoum Hasher Maktoum CEO of Al Fajer Properties Dubai

Posted in Al Fajer Properties, Criminal Complaint, Dubai, Fraud, Jumeirah Business Centre, Maktoum Hasher Maktoum | Tagged: , , , , , | 2 Comments »

Sheikh Maktoum Hasher admits slowdown hasn’t been easy for anyone

Posted by 7starsdubai on December 1, 2010


Sheikh Maktoum Hasher Maktoum admitted that the slowdown hasn’t been easy for anyone in Dubai property, even Al Fajer Properties, which he said had seen a high default rate on some of its buildings.

We shifted our customers from five buildings into 2.5 buildings – which means cheaper service charges for everyone,” he said.

The other two buildings (Jumeriah Business Centre) , we’re looking at shutting them down until someone buys us out,” the website reported.

source Emirates Business 247

read also…..

Criminal Complaint filed against Al Fajer Properties CEO Maktoum Hasher Maktoum

Al Fajer Propreties CEO Sheikh Maktoum committed a Fraud. He suggested a German couple to devliever them an Apartment in a Residential Tower on Plot H3 in Jumeirah Lake Towers, but in reality he never panned to built this Tower as a Residential Building. Sheikh Maktoum mislead the German couple until end 2008. It was uncovered that Sheikh Maktoum alsready in March 2008 sold all Units on Plot H3 as commercial offices, the Tower is named today Jumeirah Business Centre 8 ( or also known as Ebony Ivory Towers)

After have been mislead, deprived of their property rights by illegal actions and extortion  ,financial and mental extremely damaged by receiving several threats from Al Fajer Properties since 2008 upon 2009,  a criminal complaint was filed in Germany already in August  2009 against the CEO and President of Al Fajer Properties, Maktoum Hasher Maktoum Juma Al Maktoum. The witness hearings and investigations in Germany are still going on. I can be assumed that Maktoum Hasher Maktoum also mislead his lawyers during the period on which he used them for correspondence to commit this fraud.

Several attempts to end the case by paying the debts failed, correspondence sent to Al Fajer Properties from December 2011 to March 2012 , remain unanswered. No doubt Al Fajer Properties is in full legal obligations to pay this debts to the couple , Al Fajer Properties CEO Sheikh Maktoum Hasher Maktoum prefer to remain silent.

Details

Posted in Al Fajer Properties, Dubai Properties, Jumeirah Business Centre, Sheikh Maktoum Al Maktoum | Tagged: , , | Comments Off on Sheikh Maktoum Hasher admits slowdown hasn’t been easy for anyone

Update Fraud Case Dynasty Zarooni – Ebony Ivory Towers Al Fajer Properties

Posted by 7starsdubai on August 22, 2010


source Emirates Business 247

The Dubai Court of Appeal heard on
Thursday two cases related to Dynasty Zarooni in which the company, its owners and executive are accused of defrauding property investors of a total of Dh1.2 billion.

In the first case, the court, which was supposed to give a verdict regarding a request made by 36 investors for instating defrauding accusation, adjourned the case to September 23 for verdict as one of the three accused failed to attend the hearing. In 2009, the plaintiffs had filed complaints claiming that Dynasty Zarooni, the companys partner, CEO and managing director, Kabir Mulchandani, and its British executive, RG, had sold investors plots of land that did not exist.

The case was dismissed by the prosecution after reviewing a report handed in by a property market expert assigned by the accused.

The plaintiffs challenged the decision considering that flawed investigations were conducted.

Al Shaali and Company, representing the plaintiff, submitted in an earlier hearing his defence saying the prosecution combined non-related complaints filed to police against Dynasty Zarooni into one case and failed to investigate the property fraud.

In the second case, the 36 local and overseas investors appealed the acquittal sentence awarded in the favour of Dynasty Zarouni, is Emirati partner Hilal Zarooni ,CEO and managing director and executive on May 30.

The subject of this case was that the company and its officials have set up a bogus investment portfolio and promised them hefty returns and defrauded investors of Dh893 million.

They complained that KM received subscription fees of Dh300,000 a month from 12 members of the so-called “investment club” with a promise of hefty monthly returns six months after investing their money in real estate projects, which they claimed they did not receive.

They also claimed that there were no escrow accounts for projects they had invested in.

Besides, they complained that the accused made announcements regarding projects( Jumeirah Business Centre 6,7,8,9 or Ebony and Ivory Towers) contrary to reality. Some projects claimed to be in construction proved to be sandy lands.

The sentence of the Court of First Instance was based on a report presented to the court by the defence lawyer proving that investors had received more than Dh232m in profits.

Posted in Al Fajer Properties, Al Shaali Advocates, Dubai Justice, Dynasty Zarooni, Jumeirah Business Centre, Kabir Mulchandani, Sheikh Maktoum Hasher Maktoum Juma Al Maktoum-2 | Tagged: , , , , , | Comments Off on Update Fraud Case Dynasty Zarooni – Ebony Ivory Towers Al Fajer Properties

Dubai Investors appeal in property Fraud Case

Posted by 7starsdubai on July 20, 2010


source The National

DUBAI // Plaintiffs who claim they have been defrauded of more than Dh1.2 billion by a property developer have asked that the dismissed charges against the company be reinstated.

The 36 investors want the Dubai Court of Appeals to reopen the case against Dynasty Zarooni that public prosecutors had declared groundless. They claim that flawed investigations were conducted by prosecutors.

Two cases were filed by the plaintiffs last year against the company, its Indian chief executive Kabir Mulchandani, his Emirati business partner and managing director Hilal Zarooni  and the British executive R G.

The first case, which was referred to court, charged the men with setting up a bogus investment portfolio and defrauding investors of Dh893 million. The Dubai Court of Misdemeanours acquitted them on all charges on May 30.

The court reached its verdict after the defence presented documents that proved contractual agreements between the investors and Dynasty Zarooni. The documents showed that the investors had received more than Dh232 million in profits from their investments.

The second case alleged that Kabir Mulchandani and his co-defendants committed a property fraud by selling investors plots of land that did not exist. Prosecutors dismissed the case after reviewing a report by a property market expert they assigned to investigate the allegations.

Lawyers of the law firm representing the plaintiffs, Al Sha’ali & Co, told the appeals court yesterday that the second case had been dismissed illegally.

They claimed that prosecutors had combined unrelated police complaints filed against Dynasty Zarooni into one case and had failed to investigate the property fraud properly. The lawyers held that the escrow accounts registered to the company were not investigated and did not exist. They claimed contractors( Al Fajer Properties) presented by Dynasty Zarooni as the builders of their Ebony and Ivory towers testified under oath that they had not taken part in any construction projects with the company.

“Three contracting companies have testified to prosecutors that they only signed agreements with Dynasty Zarooni but have not conducted any business with them,” said lawyer Mohammed Safwat.

A separate case has been filed against the property expert who conducted the initial investigation, according to defence documents presented in court.

The documents allege that the expert had not conducted his evaluation properly and was legally bound to be prosecuted.

The court was also asked to present a different court-appointed expert to review the case.

The court will hear from the defence on July 22.

Posted in Al Fajer Properties, Al Shaali Advocates, Dubai Legal - Real Estate Lawsuits, Dynasty Zarooni, Fraud, Hilal Zarooni, Immobilienbetrug Dubai, Jumeirah Business Centre, Kabir Mulchandani, Sheikh Maktoum Hasher Maktoum Juma Al Maktoum-2 | Tagged: , , , , , , | Comments Off on Dubai Investors appeal in property Fraud Case

Horror Szenarien eines Immobilienkaufs in Dubai – Al Fajer Properties – Betrug – Bedrohungen – Stalking – Pressefreiheit

Posted by 7starsdubai on June 4, 2010


Posted by 7starsdubai on 2010/06/04

Quantcast

Horror Szenarien eines Immobilienkaufs in Dubai – Al Fajer Properties – Betrug und Psychoterror

March, 2010

Schilderung– Sachverhalt Massive Probleme seit dem Kauf eines Apartments in Dubai 2005 Nakheel – DMCC – Al Fajer Properties – Sheikh Maktoum Hasher Juma Al Maktoum

Meine Lebensgefährtin ( 48) und ich ( 78 Jahre) besuchten seit 1999 regelmäßig als Touristen Dubai.

Am 18. Oktober 2005 entscheiden wir uns für den Kauf eine Apartments bei der Firma Nakheel Dubai(zu dieser Zeit 100 % Government eigenes Unternehmen). Der Kaufabschluss findet direkt im Verkaufsbüro der Firma Nakheel statt. Mit dem Kauf bei der Regierungseigenen Firma glaubten wir auf der sicheren Seite zu sein. Diese Wohnung sollte ein Feriendomizil werden, um die letzten gemeinsamen Jahre in den Wintermonaten in der Sonne von Dubai verbringen zu können.

Der Kaufpreis für dieses 101 qm Apartment, im Falcon Tower, 100 % iges Wohngebäude ,40 Stockwerke, Baugebiet Jumeirah Lake Towers, Grundstück H3 beträgt 775.000 AED, das Fertigstellungsdatum sollte März 2008 sein.

Wir leisten hierzu vertragsgemäß die entsprechenden Zahlungen,so bis Juni 2006, 45 % des Kaufpreises ,348.750 AED.
Zur Wahrung der Rechtssicherheit in Dubai , haben wir seit April März 2006, den Rechtsanwalt ….. der Kanzlei Al Sharif Advocates, beauftragt uns in rechts sicherer Form bei der Ausführung von Korrespondenz entsprechend zu vertreten. Schon mit Nakheel treten seit November 2005 Probleme auf ( die uns zugesagten Vertragsunterlagen gehen uns nicht zu), wir werden jedoch zu den entsprechenden Teilzahlungen direkt an Nakheel aufgefordert.

Am 20. August 2006 erhalten wir ein Schreiben mit Datum 15. August 2006 von DMCC Dubai. (ebenso 100 % Government Dubai eigenes Unternehmen)

Hierin wird uns zur Kenntnis gegeben, dass das Bauvorhaben 100 % Wohnungsgebäude Falcon Tower sowie das gesamte Baugebiet Jumeirah Lake Towers von Nakheel an DMCC transferiert wurde und Nakheel mit Wirkung dieses Transfers zu DMCC auch nicht mehr Bauträger des Falcon Towers sei. Eine Mitteilung das das Bauproject Falcon Tower aufgehoben sei erfolgt nicht.

DMCC würde sich bemühen einen neuen Bauträger für den Falcon Tower zu finden, der idealer Weise ohne Änderung das Gebäude wie mit Nakheel im Ursprung vereinbart erstellen wird.

Mit Email vom 09. Oktober 2006 teilt uns DMCC mit, man habe einen neuen Bauträger gefunden.

Dieser würde nun den Falcon Tower von Nakheel wie im Ursprung im gleichen Design erstellen, konsequenterweise würde damit unserer Apartment mit den ursprünglichen Spezifikationen und Konditionen wie im Kaufabschluss mit Nakheel im Ursprung vom Oktober 2005 bestimmt, erstellt. Auch der Kaufpreis bleibt unverändert bei 775.000 AED. Lediglich das Fertigstellungsdatum verschiebe sich nun auf Dezember 2008.
DMCC offeriert uns zu diesem Bauträger zu transferieren, wolle uns den Namen des neuen Bauträgers in Kürze mitteilen.

Mit Schreiben vom 22.Oktober 2006 teilt uns DMCC mit, der neue Bauträger sei die Firma Al Fajer Properties, es handle sich um ein Unternehmen das in Dubai hohes Ansehen hat.

DMCC Dubai offeriert uns erneut zu den bereits am 09. Oktober 2006 genannten unveränderten Konditionen nunmehr zu Al Fajer Properties zu transferieren.

Wir informieren uns entsprechend unserer Möglichkeiten zu diesem Unternehmen und ermitteln das es sich bei Al Fajer Properties um ein zu der Unternehmens Gruppe Al Fajer Group, gegründet in 1965,gehörendes Unternehmen handelt. Als Inhaber der Al Fajer Group wird zu dieser Zeit Sheikh Hasher Juma Al Maktoum ausgewiesen. Man versichert uns das dies ein wirklich zuverlässiger Bauträger sei, der Inhaber der al Fajer Group  sei zudem der Schwager von Sheikh Mohammed bin Rashid Al Maktoum.

Nach Klärung weiterer Details, stimmen wir mit Fax vom 13. November 2006 unter nochmaliger Angabe der genauen Konditionen gegenüber DMCC, dem vorgeschlagenen Transfer Nakheel- DMCC- Al Fajer Properties zu.

Mit Email vom 15 November 2006 bestätigt DMCC unter Erwähnung unseres Fax vom 13. November diesen Transfer und gibt gleichzeitig an, das Al Fajer Properties einen entsprechenden Übernahmevertag mit uns zu dieser Vereinbarung fertigen wird . Wir sollten uns nun mit Al Fajer Properties direkt in Verbindung setzten. Unsere berits geleisten Zahlungen an Nakheel, in Höhe von 45 % dea Kaufpreises werden von DMCC an Al Fajer Proeprties überwiesen.
Mit ordentlichem Schreiben vom 08. Februar 2007 bestätigt DMCC, unterzeichnet von Ahmed bin Sulayem, nochmals den bereits am 15.November 2006 bestätigten Sachverhalt und Transfer zu Al Fajer Properties.
Zu der von DMCC abgegebenen Zusage, Al Fajer Properties würde die Vereinbarung schriftlich in Form eines ordentlichen Vertrages mit uns fixieren kommt es jedoch nicht.

Al Fajer Properties suggeriert uns seit Ende 2006 in mehrfach abgehaltenen Schriftverkehr bis Mitte Oktober 2007,mit stetig variierenden Ausreden, dieser zugesagten Vereinbarung nachzukommen, kommt dieser zivilrechtlichen vertraglichen Verpflichtung jedoch nicht nach.

Mit der Erwartung den zugesagten Vertrag wie vereinbart zu erhalten,besuchen mit festem Termin wir am 17.Oktober 2007 gemeinsam mit unserem Rechtsanwalt ……. das Büro von Al Fajer Properties,Emirates Towers Hotel, Level 6, Dubai.

Hierbei wird uns nicht wie zuvor suggeriert der zugesagte Vertrag präsentiert sondern vielmehr seitens des Geschäftführers von Al Fajer Properties, Dr. Shahram Zadeh der Vortrag geleistet, das Al Fajer nunmehr zu er Entscheidung gekommen sei ausschließlich Bürogebäude zu erstellen, das es wenig Sinn mache im Jumeirah Lake Towers Gebiet ein Apartment zu haben. Wir sollten dies einsehen und aus dem Vertrag aussteigen. Eine Kompensation, die uns für den Verlust entschädigt uns in die Lage versetzt ein adäquates Apartment zu erwerben, wolle er uns nicht leisten – lediglich eine 25 % Verzinsung auf die bereits gezahlten 45 % von 775.000 AED. So wir jedoch auf unsere Apartment bestehen würden , wird Al Fajer in dieses Bürogebäude auf dem Grundstück H3 lediglich 1 bis 2 Etagen Wohnungen im 13. und 14. Stockwerk vorsehen, da ein Investor ebenso beharrlich sei wie wir und nicht einsehen wolle dass das beharren auf eine einstige vertragliche Vereinbarung von Nakheel keinen Sinn mache. Nicht nur diese völlig weltfremde Ausführung ( 1-2 Etagen Wohnungen in einem ansonsten 100%igen Bürogebäude) lässt uns aufhorchen sondern weitere Ausführungen weisen eindeutig darauf hin, das der gesamte Vortrag auf Zermürbung ausgerichtet ist um uns zur Aufgabe und damit zur freiwilligen Entlassung von Al Fajer aus seiner vertraglichen Verpflichtung aus unserer und derer Vereinbarung von DMCC zu zwingen.Das Fertigstellungsdatum verschiebe sich zudem auf Mitte 2010,auch das sollten wir bedenken sei doch unkomfortable.

Einen Grund warum all dem nun auf einmal so sei bekommen wir nicht genannt.
Allerdings habe Al Fajer Properties bereits einen Vertragsentwurf gefertigt, den wir studieren sollen und entsprechend unsere Entscheidung treffen sollen.

Wir sind schockiert. Bis zu diesem von uns erbetenen Termin wurde uns seitens Al Fajer Properties schriftlich suggeriert alles sei wie vereinbart.
Noch während dieses Gespräches stellen wir bei Betrachtung dieses sogenannten Vertragswerkes fest, das dieses keinerlei Spezifikation(keinen Grundriss der Wohnung, keine Flächenangabe der Wohnung, keine Angaben über die Ausstattung, keine Gebäude Konstitution …. sondern nur blanco Positionen enthält…..der Vertag beeinhaltete noch nicht einmal die Definition des Developers Al Fajer Properties, usw , sondern vielmehr ein purer Allgemeiner Entwurf , zudem voller haarsträubender Bedingungen. Wir monieren diesen Sachverhalt noch Vorort und erhalten die Zusage man würde uns die fehlenden Ausführungen unserem Anwalt per Fax sofort am Namittag des 17.Oktober 2007 zukommen lassen.

Diese Zusage wird von Al Fajer Properties in keiner Form eingehalten obwohl wir seit dem 18. Oktober 2008, auch seitens unseres Anwalts……….., Al Fajer Properties hierzu mehrfach schriftlich auffordern.

Nachdem wir zudem mit mehrern Schreiben nun Al Fajer Properties darum bitten einen Kontennachweis für die von uns bereits gezahlten 45 % zu erbringen, wird die gesamte Angelegenheit weiter suspekt.

Mit Email Al Fajer Properties vom 31.Januar 2008, eskaliert die Angelegenheit.

Diese Email enthält im Anhang eine offensichtlich gefälschte Email, die uns laut Aussage innerhalb der Email 31.Januar 2008, am 17.Januar 2008 erreicht haben soll. Diese Email hatten wir nie erhalten,

Unter Bezug auf diese gefälschte Email fordert man uns auf, das uns am 17.Oktober 2008 übergebene blanco Vertragswerk zu unterzeichnen und zuzustimmen, fordert dieses binnen einer Frist von 7 Tagen zu vollziehen, ansonsten würde man uns alle Rechte entziehen und uns lediglich die seit Oktober 2005 gezahlten 45% ohne Zinsen zurückzahlen.
Wir reagieren sofort, wollen eine begründete Zurückweisung via Email an Al Fajer ergehen lassen. Dieses scheitert jedoch, da nun alle Emails von uns, seitens des Servers Al Fajer abgewiesen werden und wir nur rückschließen können, das durch Sperren unserer Adresse auf dem Server, uns dieser Kommunikationsweg verwährt wird.
Daraufhin senden wir am 01.Februar 2008 ein Fax sowie eine Schreiben via Courier DHL an den Geschäftsführer Shahram Zadeh, Al Fajer Properties
In diesem Schreiben geben wir klar bekannt, das wir in keinem Fall der Forderung nachkommen werden einem Blanco Vertragswerk zuzustimmen da es sich bei dem sogenannten Vertrag nach wie vor um ein Blankodokument handle – die entsprechend von uns angeforderten Dokumente ( Grundrisse ect nicht zugesandt wurden usw..) wir derartigen Erpressungsversuchen keine Folge leisten würden.

Ebenso setzten wir Al Fajer Properties in Kenntnis, das wir den Vorgang an die RERA Dubai melden würden, so wir keine korrigierende Reaktion erhalten würden.

Da uns keine weitere Korrespondenz von Al Fajer seit diesem Moment erreicht, senden wir auf Anraten unseres Anwaltes am 05. März ein ausführliches Schreiben inkl. Anhang aller relevanten Dokumente, an die RERA Dubai, Juma Al Maktoum.

Bereits am 10. März 2008, erhält unser Anwalt , ein Schreiben des Anwalts Michael Kerr, des Büros Denton Wilde Sapte Dubai.
Es wird bekanntgegeben das Michael Kerr Denton Wilde Sapte Al Fajer Properties vertritt. Eine Vollmacht wird nicht präsentiert und auch im späteren Verlauf als wir diese mehrfach anfragen verweigert vorzulegen.

Im Schreiben selbst wird dann erneut die Forderung vom 31.01.2008 und damit die Erpressung wiederholt: Wir sollen das angebliche Vertragswerk (Blanco) unterzeichnen , dies binnen 3 Tagen , oder so dies nicht geschehe würden uns alle Rechte entzogen.
Die bereits am 31. Januar 2008 und von uns als unzulässige Forderung zurückgewiesene Erpressung seitens Al Fajer Properties, lebt nun mir diesem Schreiben von Denton Wilde Sapte wieder auf.
Am 11.März.2008 weist unser Anwalt diese erneute Erpressung energisch mit Schreiben an Denton Wilde Sapte zurück, verweist und fügt das gesamte an die RERA ergangene Schreiben bei. Merkt an, der Sachverhalt befinde sich zur Klärung bei der Regierungsbehörde RERA, daher sei deren Klärung abzuwarten und nicht auf diese Weise erneut zu verfahren.
Dieser Sachverhalt (RERA) wird seitens Al Fajer Properties ignoriert, so mit dem Versuch am 18. März 2008 unserem Anwalt in Dubai per Boten ein Schreiben zuzustellen,…………….. was jedoch scheitert.
Noch am selben Tag beschwert sich Denton Wilde Sapte schriftlich über diesen Sachverhalt( wir erhalten diese Mitteilung per Email in Deutschland) und fügt in Kopie den Inhalt seines vorherigen Schreibens bei, inklusive der Kopie eines Barschecks Ausstellungshöhe 348.750 AED = 45 % der Gesamtkaufsumme 775.00 AED ,unserer seit Oktober 2005 an Nakheel gezahlten Gelder.

Unser Anwalt von Al Sharif Advocates wird aufgefordert diesen Scheck durch erneute Zustellung anzunehmen, so dies nicht geschehe würde man die Kündigung incl. des Schecks direkt an …… in Deutschland schicken. Dies geschieht jedoch im Folgenden nicht wie angedroht. Diese Korrepondenz seitens Denton Wilde Sapte endete am 31. März 2008.

Weder wir noch unser Anwalt reagieren auf diese erneute und nunmehr mittels Scheck vollzogene Form der Erpressung.
Seit dem letzten Schreiben 31. März 2008 ( Denton Wilde Sapte)zu diesem Vorfall, hören wir nichts mehr von Al Fajer Properties, auch nicht von Denton Wilde Sapte.
Wir gehen zu diesem Zeitpunkt davon aus, das der Auftrag seitens Al Fajer Properties an Denton Wilde Sapte, für diese Schreiben im März, durch den Geschäftsführer von Al Fajer Properties Dr.Shahram Zadeh ergangen ist, da dieser wie schon mit Email vom 31.Januar 2008 mutmaßlicher Initiator dieser unrechtmäßigen Vorgehensweise war.

Diese Annahme, Shahram Zadeh, stecke auch hier im März 2008 als Initiator dahinter, wir sich später als falsch herausstellen, da wir im März 2009 durch die Presse ( Wall Street Journal) erfahren, das Dr. Shahram Zadeh  am 21. Februar 2008  in Dubai unrechtmäßig inhaftiert wurde und erst nach 60 Tagen wieder frei kam.

Aus diesem Bericht des Wall Street Journals ist zu lesen, das Shahram Zadeh Eigentümer von Al Fajer Properties war, jedoch nach die Firma unrechtmäßig während der Inhaftierung von shahram Zadeh von Sheikh Hasher Maktoum übernommen worde, das Shahram Zadeh schlichweg von Sheikh Hasher Maktoum bin Juma Al Maktoum und dessen Sohn enteignet wurde.

In dem Zeitraum Febraur bis April 2008 als Zadeh inhaftiert war, wurden alle Rechte der Firma Al Fajer Properties auf Sheikh Hasher Maktoum und deren Tochter übertragen. Gleichzeitig wurde der Sohn Sheikh Maktoum Hasher Maktoum Al Maktoum bereits am 6. März 2009 zum Präsidenten von Al Fajer Properties ernannt. Die Geschäftsführer Ernennung an ihn durch den Vater erfolgte in gleichem Zeitrahmen.

Zudem stellt sich später ( erste Berichte bereits Mitte August 2008) durch das Aufkommen des Betrugsfalls „ EBONY IVORY „Dynasty Zarooni heraus, das Al Fajer Properties am 31. März 2008 das gesamte Gebäude( Jumeirah Business Centre 8+9)auf dem Grundstück H3 und G3 Jumeirah Lake Towers, als Bürogebäude zu einem sft Preis von 2050 AED verkauft hat. Die Verträge wurden nachweislich am 31.März 2008 von beiden Parteien (Kabir Mulchandani Dynasty Zarooni und Al Fajer Properties Maktoum Hasher Maktoum Al Maktoum unterzeichnet. ( Beweismittel liegt inzwischen in Kopie des Original Vertragswerkes Al Fajer – Dynasty Zarooni vor)

Noch am 18. März 2008 wollte Al Fajer Properties uns dazu zwingen einen Blanco Vertrag in einem sogenannten Residential Mix Gebäude Jumeirah Business Centre 8 zu unterzeichnen, obgleich Al Fajer Properties hierbereits in der Kenntnis war, das es ein solches Gebäude nie geben würde ( keine Wohnungen – lediglich Büros ( 100 % Commercial ) und das der Verkauf an Dynasty Zarooni bereits eingeleitet war!!!!!!!

Somit steht fest, wie Sie im weiteren Verlauf sehen werden, das diese erpresserische Aktion März 2008 seitens Denton Wilde Sapte für Al Fajer Properties von Sheikh Maktoum Hasher Juma Al Maktoum gegen uns veranlasst wurde und nicht von Shahram Abdullah Zadeh ( wie uns versucht wurde zu suggerieren) , um den Weg für den Deal mit Dynasty Zarooni frei zu bekommen.

Die RERA Dubai wurde von uns auch über die jetzt vollzogene Erpressung, März 2008, in Kenntnis gesetzt.

Eine Bestätigung der RERA Dubai über den Erhalt unser Schreiben von 5. März sowie die bis zum 31.März 2008 erfolgten Aktionen von Denton Wilde Sapte , erhalten wir am 03.April 2008, von Marwan bin Ghalita, CEO RERA Dubai. Diese Eingangsbestätigung enthält das Zitat:

„ Life ends when you Stop dreaming, hope ends when you Stop believing. The future belongs to those who believe in the beauty of their dreams” Eloanor Roosevelt

Inzwischen haben wir uns ausführlich mit Presseberichten zu diversen Themen bzgl. derartiger Vorkommnisse in Dubai informiert.

Hierüber gelangen wir auch zu der Information, das Al Fajer Properties bereits mit Mitte März 2008 , 3 komplette Bauvorhaben im Jumeirah Lakes Tower Gebiet ( auch das Grundstück H3,auf welchem unser Apartment errichtet werden sollte) komplett an Dynasty Zarooni verkauft hat.

( Inzwischen liegen uns zur Beweisführung die original Unterlagen in Kopie dieser Verträge vor. Die wurden mit Datum des 31. März 2008 als sogenanntes Momorandum of Understanding ratifiziert. Unterzeichner der Verträge: Dynasty Zarooni Kabir Mulchandani und Al Fajer Properties sheikh Maktoum Hasher bin Juma Al Maktoum )

Alle 3 Tower sind zudem nunmehr umbenannt. Von zuvor Jumeirah Business Centre7,8 und 9 nun in Ebony Tower (JBC9)Plot H3, Ivory 1 Tower ( JBC8) Plot G3 und Ivory 2 ( Plot H1)

Zudem sind alle Gebäude nun 100 % Bürogebäude. Es gibt in diesem Gebäuden gar keine Apartments , geschweige denn handelt es sich um ein Wohngebäude.
Wir recherchieren entsprechend, lassen uns über eine andere Adresse neue Prospekte und Preise zu kommen, bekommen diese Aussage bestätigt.

Damit ist für uns klar, was der Hintergrund der erneuten Erpressung seitens Al Fajer Properties im März 2008 war. Nunmehr ist auch der Tatbestand des Betrugs erfüllt.

Mit Fax vom Juni 2008 wenden wir uns erneut an Al Fajer Properties und geben einen Bruchteil unserer neu gewonnen Erkenntnisse bekannt, weisen erneut die im März ausgesprochenen Kündigungen zurück und fordern zur Kompensation in voller Höhe auf. Die Kompensation wird klar benannt:

Sie lautet in Höhe wie schon im Schreiben an die RERA Dubai vom März 2008 vorliegend. Bei Nichtreaktion weisen wir darauf hin, den Vorgang zu Gericht zu geben.
Kurz darauf ( Juni 2008) erreicht unseren Anwalt von Al Sharif Advocates ein Anruf von Michael Kerr Denton Wilde Sapte. Dieser sagt, das nunmehr Sheikh Maktoum Hasher Maktoum Geschäftsführer sei, dieser die Angelegeheit jetzt persönlich im Einvernehmen mit uns regeln wolle. Es wird signalisiert die entsprechende Kompensation leisten zu wollen.

Wenig später wird jedoch nur eine Kompensation von der nochmaligen Summe unserer 45% offeriert ( 348.750 AED)
Wir beharren darauf die Verhandlung nicht mündlich führen zu wollen sondern schriftlich.
Wir machen nochmals klar, das uns diese Offerte einen Schaden von, zu diesem Zeitpunkt, über 1 Million AED erzeugt ( ein adäquates Apartment kostet inwzischen ca. 1,8 Mio AED) und fordern nochmals dazu auf uns eine Kompensation in der Höhe zu leisten die uns in die Lage versetzt ein adäquates Apartment zu erwerben.

DentonWilde Sapte, RA Michael Kerr gibt an, sich mit Maktoum Hasher Al Maktoum zu besprechen, will weiter verhandeln und signalisiert sich in Kürze zu melden. So geschehen im Juni 2008.
Bis zum 08.September 2008 hören wir jedoch nichts mehr von Al Fajer oder Denton Wilde Sapte.

Mit erneuten Ferienaufenthalt in Dubai, senden wir am 08.September 2008 eine Email an RA Michael Kerr, Denton Wilde Sapte, und erinnern an seine Zusage sich zu melden. Wir vollziehen dies selbst, da unser RA angab sich erst ab 15. September wieder in Dubai zu befinden.

Hierauf erfolgt seitens M. Kerr eine sofortige Reaktion per Email am 08.September 2008 mit Ausreden warum er such nicht gemeldet habe,signalisiert aber die Angelegenheit Kompensation nun entsprechend nach Rücksprache mit Maktoum Hasher Maktoum regeln zu wollen.
Kerr wendet sich dann nicht mehr an uns, sondern an unseren Anwalt.
Unser RA  stellt unsere Kompensationsvorstellung nochmals begründet klar dar, nun auch unter dem weiteren Aspekt der inzwischen erneut gestiegenen Immobilienpreise ( ein adäquates 100 qm Apartment kosten mittlerweile im besagtem Gebiet bis zu 2,4 Million AED)

Das Kompensationsangebot seitens Al Fajer Properties was uns nunmehr ergeht, beläuft sich nun auf 651.250 AED , wird aber verklausuliert als 1 Million AED dargestellt.

Dieses Angebot , hätten wir es angenommen, hätte uns zu diesem Zeitpunkt September 2008 erneut einen Schaden von nahezu 1 Million AED zugeführt. Al Fajer selbst hatte nachweislich die benannte Fläche 1098 sft bereits am 31.März 2008 zu einem Preis von 2050 AED an Dynasty Zarooni verkauft, sich somit im Gegensatz uns diese Fläche für 775.000 AED Ende März 2008 wie vereinbart zu liefern, um mehr als 1,25 MIO AED bereichert.

Da wir inzwischen auch in der Kenntnis waren, zu welchem Preis Al Fajer die Flächen im Gebäude auf dem Grundstück H3 am Markt als Büros offeriert ( bis zu 2140 AED pro sqft), war auch bewiesen das sich Al Fajer sich einen Vorteil von bis zu 1429 AED pro sqft. durch den unrechtmäßigen Entzug unserer Rechte vollzogen und erwirkt hat.

Will heißen: Al Fajer erzielt zu diesem Zeitpunkt einen Mehrertrag von 1,55 Million AED, entgegen der mit DMCC und uns zu Al Fajer nach wievor gültigen Vereinbarung.

Wir sahen dieses letzte Angebot, lediglich 651.250 AED Kompensation zu wollen unter den gegebenen wahren Sachverhalten (Betrug) als erneute Provokation an, lassen unseren RA hierzu am 18. Sep. 2008 Stellung nehmen und stellen erneut und wiederholt klar, wie die Kompensationsforderung unsererseits lautet.

Erst am 29. September 2008, einen Tag vor unserer Abreise, erhalten wir Antwort. Diese bringt zum Ausdruck das Maktoum Hasher Maktoum Al Maktoum sehr enttäuscht sei über unser ablehnendes Verhalten zu diesem doch großzügigen Angebot von His Highness sheikh Maktoum bin Hasher Al Maktoum. Nun wird erneut seitens Al Fajer Properties Druck gemacht. Wir sollten innerhalb von 7 Tagen dieses Angebot ( 651.250 AED) annehmen, wenn nicht, würden uns lediglich unsere 45 % ( 348.750 AED) gezahlt.

Wir betrachten dies als erneute Erpressung und verlassen entsprechend enttäuscht und niedergeschlagen Dubai am folgenden Tag.

Wir möchten zu diesem letzten 4wöchigen Aufenthalt im September 2008 in Dubai auch anmerken, das wir während der gesamten Zeit, in teilweise kurioser Weise, observiert wurden, was bei keinem unserer vorherigen Aufenthalte in Dubai jemals der Fall war. Dies ging bis dahin, das wir früh bemerkten, das unsere Telefonate abgehört wurden, unser Zimmer offensichtlich von nicht zum Personal gehörenden Personen betreten wurde und vieles mehr….. ( die Vorkommnisse wurden der Staatsanwaltschaft in Deutschland zu Kenntnis gegeben.

Selbst am Tag der Abreise wurden wir von 2 Personen vom Check IN bis zum Boarding von 2 Personen verfolgt und observiert. Beide Personen gingen dann jedoch nicht mit an Board. Aufgrund dieser Vorkommnisse hat uns der gesamte Aufenthalt entsprechende Aufmerksamkeit und Vorsicht abgefordert –was entsprechend Angst auslöste – womit wir mit Abflug in Dubai froh waren, bald wieder deutschen Boden unter den Füßen zu haben.

Weiter zum Sachverhalt Kompensation:

Zurück in Deutschland bitten wir unseren Anwalt auf das letzte Schreiben des M. Kerr DWS zu reagieren. Unser Anwalt ist nicht erreichbar. Somit werden wir in die Situation versetzt selbst zu antworten, was wir am 01.Oktober 2008 tun.
Am 06.Oktober 2008 erreicht uns eine Email von Michael Kerr, Denton Wilde Sapte, in welcher nunmehr massive Angriffe und erneute Drohungen ausgesprochen werden. Dieses Schreiben beinhaltet auch massive Drohungen für den Fall das wir die Presse und Journalisten zu unserem Fall informieren. Es wird angemerkt, das wir dieses ja bereits schon im März 2008 versucht hätten, dies habe Al Fajer Properties sehr verärgert. Auch die RERA würde nichts unternhemen und ein Gericht in Dubai eine Klage gegen Al Fajer Properties nicht annehmen. Darüber sollten wir uns im Klaren sein. Die Korrepondenz sei damit beendet.

Bis Januar 2009 versuchen wir vergeblich mit mehreren Schreiben eine Klärung mit Al Fajer oder DWS zu erlangen, erfolglos. Wir fordern Denton Wilde Sapte erneut mehrmals auf eine Anwaltliche Vertretungsvolmacht vorzulegen – diese wird seitens Denton Wilde Sapte verweigert.

Al Fajer Properties und Deton Wilde Sapte antwortet nicht mehr. Unser Geld wird jedoch weiter einbehalten.

Die Anwälte Denton Wilde Sapte sowie Al Fajer Properties sheikh Maktoum Hasher Al Maktoum  verweigern die Vorlage einer Handlungsvollmacht oder einen entsprechenden Legitimationsnachweis für die Geschäftshandlung ( Vertragskündigung) die Sie im März 2008 durchgeführt haben.

Im Januar 2009 werden zudem erste Pressemeldungen laut, das der Geschäftsführer des Partners von Al Fajer Properties,, Kabir Mulchandani DynastyZarooni, wegen Betrugsverdacht( auch bezogen auf die Bauvorhaben Grundstück H3, G3 und H1) von Al Fajer Properties, in Dubai verhaftet wurde. Gleichzeitig wird bekannt das bereits mehr als 30 Investoren ( Projekt Al Fajer Properties H3, G3 + H1) Strafanzeige gegen Dynasty Zarooni und auch gegen Al Fajer Properties erstattet haben sollen.
Wir informieren uns zu den Details und bitten per Email Anfang Januar 2009 ……………………………

März 2009 wird durch die Presse ( Wall Street Journal) bekannt, das der Geschäftsführervon Al Fajer Properties , Shahram Zadeh, bereits Februar 2008 in Dubai von der Staats Sicherheit inhaftiert wurde.

Hier werden auch Folterungen und Erpressung beschrieben, die Zadeh während der Inhaftierung widerfahren ist. Zadeh selbt gibt an, Hasher Maktoum  Al Maktoum habe diesen Akt der Inhaftierung gegen Ihn veranlasst.

Zadeh selbst habe zuvor Strafanzeige gegen Hasher Maktoum, dessen Sohn und Tochter wegen Unregelmäßigkeiten innerhalb von Al Fajer Propertiesgestellt.Maktoum Hasher und sein Vater hätten daraufhin dafür gesorgt ihn inhaftieren zu lassen.

Innerhalb dieses Berichtes kommt zum ersten Mal zu Tage, das der Inhaber von AlFajer Properties nicht Maktoum Hasher Juma Al Maktoum sein soll,sondern vielmehr Dr. Shahram Abdullah Zadeh.

Es wird weiter in der Presse berichtet, das Maktoum Hasher Juma Al Maktoum und sein Vater Hasher Juma AL Maktoum, sich während derInhaftierung von Dr. Zadeh, bereits im März 2008 das Unternehmen AL Fajer Properties unrechtmäßig angeeignet haben sollen.

Nach Entlassung aus der 60-tägigen Haft, Ende April 2008, wurde der Pass von Dr. Zadeh bis heute einbehalten .

Eine Strafanzeige von Shahram Abdullah Zadeh gegen Sheikh Maktoum Hasher al Maktoum und dessen Tochter sowie den Sohn Sheikh Maktoum Hasher al Maktoum wird von der Staatsanwaltschaft in Dubai zurückgewiesen.

Shahram Abdullah Zadeh führt daher derzeit eine Zivil Klage gegen Maktoum Hasher Juma Al Maktoum,dessen Vater und Schwester wegen Veruntreuung. Streitwert: 1,9Milliarden US Dollar, wird seit dem weiterhin seitens al Fajer Properties und Maktoum Hasher Juma Al Maktoummassiv unter Druck gesetzt.

Seit Veröffentlichung des Wall Street Journals Berichtes März 2009, über die Inhaftierung Zadeh`s versucht Maktoum Hasher Juma Al Maktoum, über eine PR Agentur und Business Wire, in regelmäßigen Abständen die Presse mit Geschichten bzgl. des Baufortschritts der Projekte von Al Fajer Properties zu versorgen.
Dies wohl auch um die Negativmeldungen in der Internationalen Presse, bzgl. des Gerichtsprozesses Zadeh als auch der weiteren Klagen gegen Al Fajer Properties und Dynasty Zarooni von Investoren aus dem Al Fajer Ebony Ivory (Jumeirah Business Centre Grundstücke H1, H3, G3) Projekt in Verbindung mit strafrechtlicher Verfoglung auch gegen Dynasty Zarooni zu kaschieren.

Die Presse in UAE und Dubai musste sich verpflichten nicht zu den Verhaftungen und laufenden Prozessen in Sachen Al Fajer, berichten. Journalisten des Wall Street Journals, Financial Times, Zawya DowJones, Forbes, The Independent, The Guardian und andere übernahmen entsprechend diese Berichterstattung.

Alle zu diesem Fall „Skandal Al Fajer Properties Dynasty Zarooni“ berichtenden Journalisten, wurden inzwischen mit Hinweisen bedacht, dieses zu unterlassen – agieren daher inzwischen berichterstattend zu diesem Fall gar nicht mehr oder unter Pseudonym. ( So ein ausführlicher Bericht von The Independent)

Mittlerweile haben sich die betroffenen internationalen Investoren ( über 400) in Sachen Al Fajer Properties Dynasty Zarooni( Grundsstück H3 – G3 und H1) zu einer Gruppe zusammengefunden, einige haben bereits Klage eingereicht, da der Weg einer gütlichen Einigung auch hier scheiterte.

Bei all diesen Investoren handelt es sich um Käufer von Büroeinheiten der Tower Ebony ( Plot H3) und Ivory Towers ( Plot H1 + G3) die nach der Ernennung von Maktoum Hasher Maktoum im März 2008 zum Geschäftsführen AL Fajer Properties, diese Einheiten direkt bei Al Fajer oder Dynasty Zarooni nach dem 31. März 2008 gekauft haben.

Auch diese 400 Investoren, der erst nach dem 01. April 2008 kauften, wurden auf kuriose Weise von Al Fajer oder aber mit dessen Partner Dynasty Zarooni betrogen bzw. fühlen sich betrogen.

Im Mai 2009 wurde von diesen 400 Investoren eine Petition mit mehr als 500 Unterschriften verfasst und an die RERA Dubai zur Weiterleitung an das Government Dubai übergeben.
Eine von der Investorengruppe Ebony Ivory einberufene Pressekonferenz im Madinat Jumeirah Dubai wurde jedoch mutmaßlich durch Maktoum Hasher Juma Maktoum , unter zur Hilfenahme eines lokalen Netzwerkes , rigoros aufgelöst ( Bericht The Independent) Selbst eine danach folgende private Journalisten Versammlung in einem anderen Hotel wurde mit entsprechend drohenden Hinweisen aufgelöst. Der lokale Dubai City7 TV Sender brachte dennoch einen Beitrag zu diesem Vorgang – wurde aber wenige Tage später ebenso , gemäß Berichte der Investoren unter Druck gesetzt. Ein zunächst verfügbares Video über diesen TV Bericht wurde aus dem Internet genommen.
Die Internationale Presse sah sich jedoch nicht veranlasst dies hinzunehmen und berichtete auch zu diesem Vorgang (Verweis The Independent)

Nach diesem Vorfall sahen sich die bertoffenen Investoren nur noch in der Lage, die Situation klar über den Weg einer Presseagentur und über Business Wire im Verteiler weiter an die Öffentlichkeit und Presse zu geben.

Im späteren Verlauf nahme sich Mitte Juli 2009 ein Journalist der BBC mit Interviews betroffener Käufer und Invetsoren sowie ehemaliger Mitarbeiter beider benannter Firmen der Angelegenheit erneut an. Schon bald sollte sich herausstellen das während dieser Zeit der Recherche und Interviews die betreffenden Telefonate sowie der Schriftverkehr abgehört und abgefangen wurden. Der Bericht der BBC kam nicht zustande.

Im August 2009 erschien ein Blog der sich dubai9stars nannte und der das Erscheinungsbild von dubai7stars und 7starsdubai 1:1 kopiert hatte. Das Resultat eines Sabotageangriffs auf den Rechner von dubai7stars im Juni 2009 ? Schon bald war erkennbar, das dieser kopierte Blog nur eines im Sinn führte: Man wollte diesen Blog als Hetzkampagne gegen die Investoren sowie offensichtlich gegen Shahram Zadeh verwenden.

Diese Annahme fand seine Bestätigung mit einer Veröffentlichung in dieses Blog vom 29 Dezember 2009. Aus diesem hier veröffentlichten Darstellung ist auch ersichtlich wie die genannten Personen observiert und verfolgt wurden, dieser Bericht bestätigt auch zu einem Teil das Abhören von Telefongesprächen und weiteren strafrechtlich relevanten Vorgehen dieser Blog Betreiber und dem dahinter steckenden Auftraggeber.

Wie sehr die bertoffenen Personen ( Zadeh , seine ehemalige Sekretärin Leigh Jones sowie auch der Sprecher der Investorengruppe Moses Oye) verfolgt und bedroht wurden kommt klar zum Ausdruck. Wer hieran ein massives Interesse hat steht für die Betroffenen außer Frage, somit auch der Auftraggeber für diesen Blog dubai9stars. Die Behauptungen Zadeh habe den Blog dubai7stars käuflich erworben und für seine Zwecke instrumentalisiert tauchen immer wieder auf.  Sie sind falsch.

Der letzte Satz in diesem Artikel des 29. Dezember 2009, deutet darauf hin, wie weit gediehen das kriminelle Potential des Auftraggebers ist. …… werden doch alle jemals mit Zadeh in diesem Zusammenhang stehende Personen das gleiche schmerzhafte Schicksal erleiden.

Wie sagte doch Zadeh schon in dem Artikel mit dem Wal Street Journal: Sie haben mir während meiner Inhaftierung gesagt: Wenn ich nicht kooperiere werden Sie mich ruinieren !

Nunmehr wird diese Drohung über diesen Blog an weitere Personen ausgeweitet.

Glaubt man dem Bericht auf dubai9stars, so ist Zadeh in die Tschechei geflohen, Leight Jones in den Lebanon geflohen.

Doch dem nicht genug, reicht Maktoum Hasher Maktoum im November 2009 eine Klage vor einem US Gericht gegen Internet Blogs ein.  Unter dem Vorwand “Trademarkverletzungen” versucht er nun über diverse Subpoena an Provider an weitere sensible Daten von Personen zu gelangen. Er gibt an nicht über die physikalische Adresse der Blogbetreiber in Kenntnis zu sein, was zumindest zu diesem Zeitpunkt in einem Fall nicht stimmt. Damit täuscht er das US Gericht und den Provider dieses Blogs. Ferner verweist seine Klage keinerlei Hinweis das sämtliche Artikel der Blogs, 1:1 Wiedergaben aus Artikeln von US Amerikanischen Journalen wie Forbes, Wall Street Journal u.a. sind.

Ein weiteres pikantes Detail zu der Klage Einreichung vor dem US Gericht fällt ebenso auf. Bereits in 2008 hatte sein Geschäftsfreund in Sachen Jumeirah Business Centre ( Ebony Ivory Towers Jumeirah Lake Towers), Kabir Mulchandani, über eben jene Anwälte ( Winston Strawn) bereits das gleiche Spiel betrieben !!! Beide Klageschriften lesen sich – als seinen dies Zwillingsbrüder – so jedenfalls hinichtlich der Leiden und der beachtlichen Schadenshöhen die hier benannt werden.

Kein Interessenskonflikt den die Anwälte hier hätten haben müssen ?

Inzwischen wurden diverse Behörden und Institutionen über dieses Vorgehen und die Hintergründe informiert.

Der Stattsanwaltschaft in Deuschland liegen diese Dokumente vor.

Mit falschen Verdächtigungen und unbeschreiblich fortwährenden mutmaßlich von dieser Seite veranlassten Stalking Methoden ( psycho Terror in diveren Formen) seit Mitte 2009 setzt Maktoum Hasher seinen Weg auch gegen uns fort, insbesondere seit dem Zeitpunkt Mitte 2009, da wir Strafanzeige gegen Sheikh Maktoum Hasher Maktoum Juma Al Maktoum erstattet haben, nachdem alle Bemühungen mit diesem Mann zu einer gütlichen Einigung zu kommen gescheitert sind – in weiteren Erpressungsversuchen endeten.

Als Folge dieser Strafanzeige, betreibt Sheikh Maktoum Hasher nunmehr mit unglaublich Ausführungen in der Klageeinreichung vor einem US Gericht ( falschen Verdächtigungen, falschen Kollobarativen Ereignis Darstellungen in Zusammenhang mit der Internationalen Presse, Verfolgung anderer Personen wie Moses Oye , Shahram Zadeh u.a., sowie anderen exorbitanten nicht nachvollziebaren Größenaordnungen zum Ausdruck gebrachten Forderungen) über einen US Anwalt gegen Deutsche Staatsbürger , erweitert strafrechtlich Relevante Handlungen mit falschen Aussagen , die Lebens – und Existensvernichtende Formen angenommen haben.

Besonders bemerkenswert ist im Gesamtzusammenhang  in dieser Klageschrift zu lesen, er habe mentalen Stress durch diese Blogs erlitten !!!!!!!

Bemerkenswerter Weise findet die Klageschrift all jene Vorgehen wider, die seitens des Kägers Maktoum Hasher  zuvor gegen die betroffenen Stalking Opfer betrieben wurden und werden nun als eigenes mentales Leiden zum Ausdruck gebracht.

Unter Vortäuschung falscher Tatsachen vor einem US Gericht, betreibt er nun die Identitätssuche nach Personen die diverse Blogs Anfang 2009 eröffnet hatten, bringt jedoch durch anwaltliche Schreiben ( nun aus San Francisco) zu Ausdruck, das Zadeh für ihn der Hauptverdächtige sei und und inkludiert wilde weitere kolloborative Verdächtigungen. auch entsprechende Erpressungen sind in diesen Anwaltsschreiben natürlich wieder inkludiert. ( so kann er sich auf einmal an dies und jenes nicht mehr erinnern … fügt jedoch an, er könne sich eventuell erinnern so dies und jenes geschehe)

Bei Einsicht in diese Blogs( erschinenen als der Al Fajer Dynasty Zarooni Skandal in der Presse Anfang 2009 berichtet wurde) ist festzustellen, das diese lediglich Artikel zu dem Fall Al Fajer Properties und Shahram Zadeh , vom Wall Street Journal sowie weiteren offiziellen Presseorganen der USA , 1 : 1 veröffentlicht haben. Er klagt jedoch nicht gegen diese offiziellen Medien, sondern gegen die Blogs von offensichtlichen Privatpersonen.

Es ist anzunehmen das es sich hierbei um geschädigte Investoren aus dem Skandal Ebony und Ivory Towers ( Jumeirah Business Centre Al Fajer Properties handelt), die über diesen Weg Öffentlichkeit und damit Hilfe suchten.

Oder es ist anzunehmen das es sich um eine Selbstinziernierung seitens Maktoum Hasher oder Mulchandini handelt – um falsche Beweise zu konstruieren – und diese dann anderen via Klage anzuhängen.

Als reichte es nicht schon, welche Schädigung diverse Investoren durch das Handeln dieser beiden Parteien erlitten haben, das Ihnen Drohungen über diverse Wege zuteil werden, mit Psychoterror alle Wege versperrt werden in Dubai vor Gericht zu gehen, das in Dubai alles mögliche veranstaltet wurde um die Presse auszuschalten und weiter über diesen Fall zu berichten.

Unter der Überschrift: Die betrogenen Betrüger schrieb schon einst Ogger welche Formen bis hin zur Gewalttätigkeit bei solchen Personen möglich sind. Von diesem Status ist dieser Fall wohl nicht mehr weit entfernt. Aus den vorgenannten Ereignissen und dem jetzt zu Tage gekommenen Klage des Maktoum Hasher( in Existenz vernichtender Höhe gegen Privatperonen ( Kunden des Hauses Al Fajer die sich nicht erpressen ließen, ehemalige Mitarbeiter von Al Fajer sowie gegen Zadeh) ist das Agressionspotential zu ersehen. Unter der Mittäterschaft von Anwälten wird hier versuch grenzüberschreitende Macht mit kriminellen Methoden durchzusetzten. Koste es was es wolle und wenn es Menschenleben kostet.

Geld , Gier und Machtverhalten dieser Art sollten zu denken geben – sollten darüber nachdenken lassen – um welche Persönlichkeitsstörung es sich hier handelt.

Keine der betroffenen Personen wird sich jemals mehr in Dubai sicher fühlen können – denn irgendein Vorwand wird sich  eine Person die derartiges inziniert immer finden – um erweitert Rache ( auch wenn diese unberechtigt ist ) zu üben. Investoren die aus Angst das Land nicht mehr betreten – können auch keine Aussage vor Gericht machen. Kein Prozess – kein Geld zurück – in Angst versetzte Journalisten von weiterer Berichterstattung ausgeschaltet.

Kriminelle Organisationen wie die Mafia wenden keine anderen Methoden an.

Dieses Verhalten was seitens Maktoum Hasher zu Tage getreten ist repräsentiert nicht Dubai, repräsentiert nicht das Verhalten der Familie Al Maktoum.

Aber es zeigt auf, zu was bestimmte Personen innerhalb dieser Familie hier fähig sind und gegen die, befindet man sich in Dubai, wenn es denn passiert, man sich in Dubai nicht wehren kann. Selbst vor grenzüberschreitenden kriminellen Handlungen ( Verfolgungen bis in die Tschechei, den Lebanon oder Deutschland) wird kein Halt gemacht, wie man aus diesem Fall sieht.

Welche Art von Reputation sich Maktoum Hasher Maktoum Al Maktoum für sich und Dubai auf diesem Weg zurückgewinnen will ist fraglich.

Der Hauptantrieb für all seine Aktionen scheint aber letzendlich die verbitterte Jagd nach Shahram Zadeh zu sein, dem Mann der es gewagt hat Strafanzeige gegen ihn, seinen Vater und die Schwester wegen offensichtlicher Veruntreuung des Unternehmens Al Fajer Properties in Dubai zu erstatten. Falsche Behauptungen über den Grund der Verhaftung Zahdeh`s wurden offensitlich fantsievoll ebenso konstruiert.

Der Betrug und Psychoterror seitens Al Fajer Properties, der in unserem Fall nunmehr seit März 2008 andauert,wird seitens Sheikh Maktoum Hasher Maktoum Juma Al Maktoum gegen uns massiv weiter betrieben. Unser Geld befindet sich weiterhin in den Händen von Maktoum Hasher Al Maktoum der sich gern via Open PR als erfolgreicher President der Fajer Properties Dubai selbstdarstellt.

*) Alle zuvor gemachten Angaben sind wahr und können jederzeit mit entsprechenden Dokumenten belegt werden.

Die Namen der hier berichtenden, durch Betrug betroffenen, Personen (Käufer aus Deutschland) werden aus Personenschutzgründen nicht genannt, da bereits öffentliche Drohungen im Internet gegen diese erfolgt sind.

Weitere Verweise Presse….

ABC News Shahram Zadeh

Al Fajer Properties Dubai Chronicle

Dynasty Zarooni Al Fajer Properties Financila Times

Forbes Where are the locals

Fraud Case Al Fajer Properties Ebony Ivory Towers The Guardian 2009

Iranian’s lawsuit reveals uae royal power

Case Dynasty Zarooni Januar 2009 Press

Dynasty Zarooni dubai case January 2009 Press

Fraud Case sheikh Maktoum Hasher Al Maktoum Shahram Zadeh Torture Dubai

Al Fajer Properties Dynasty Zarooni Case January 2009

Petition Investors Project Al Fajer Properties Jumeirah Business Centre

Al Fajer Properties Ebony Ivory Towers Investors Press 2009

Al Fajer Properties Dubai International Investors angry 2009

Dubai Al Fajer Properties Media Blackout Report End 2009

Al Fajer Properties Dubai Ebony Ivory Towers Media Blackout Independent

Al Fajer Properties case Battle over the Books

Dubai legal System on Trial

shahram Zadeh conned by Dubai Royal Family member

Posted in Al Fajer Properties, Dubai, Dubai Fraud, Dubai Real Estate, Ebony Ivory Towers Dubai, Immobilienbetrug Dubai, Jumeirah Business Centre, Kabir Mulchandani, Maktoum Hasher Maktoum, Shahram Abdullah Zadeh, Sheikh Maktoum Hasher Maktoum Juma Al Maktoum-2, Strafanzeige Deutschland, Vereinigte Arabische Emirate | Tagged: , , , , , , , , , | Comments Off on Horror Szenarien eines Immobilienkaufs in Dubai – Al Fajer Properties – Betrug – Bedrohungen – Stalking – Pressefreiheit

Dubai – Property Investors formed groups to take class actions against developer

Posted by 7starsdubai on May 19, 2010


source The National

Dubai – May 18, 2010

As hundreds of investors receive cancellation notices on defaulted properties across Dubai, the consolidation of the sector is approaching its endgame.

The move to cancel contracts and repossess properties is a last resort for developers whose profits have dwindled since the financial crisis took hold, experts say.

Property developers have come under increasing pressure to know what future income they can expect to generate from units that were sold at the peak of the market, many of which are now in default.

The final notices that are now being sent to investors who have missed payments in projects that are 80 per cent or more complete marks the end of a consolidation process which, for most developers, began about 18 months ago.

“I think the auditors have come in and started to put pressure on where the receivables are coming from,” said Ian Albert, the regional director of Colliers International. “At the end of the day, a developer wants to sell. It really is a last resort to go down this route.”

Nabil Ahmed, the regional head of research at Deutsche Bank, said that after more than a year of trying to limit defaults through consolidation, some developers are now clamping down on the “20 or 30 per cent of those they couldn’t help and who are defaulting simply because they don’t have the means to pay the remaining amount”.

Still, investors who have missed payments are standing their ground because they could lose the down payments they made on investments they hoped would generate lucrative returns. Some have formed groups to take class actions against developers trying to repossess properties.

The stalemate is a result of the huge speculation that took place in Dubai’s property sector in 2007 and 2008, when prices surged 78 per cent.

“It’s basically people who were caught when the market was effectively a trade market rather than an occupier’s one,” Mr Albert said.

It was also a time when banks were happy to pair up with developers to offer attractive home finance deals.

Abu Dhabi Commercial Bank (ADCB), for example, agreed with Al Fajer Properties in 2005 to offer 60 per cent financing to customers in Jumeirah Business Centre 5.

The deal involved buyers making payments over 10 years from the project’s completion, making it appealing to those who were unseasoned investors.

Both Al Fajer and ADCB recently confirmed that the credit line, which was worth about Dh500 million (US$136.1m), was cut towards the end of 2008 as the financial crisis took hold in the emirate’s property sector.

One British investor, who asked not to be named, bought two floors of office units in Jumeirah Business Centre 5 on the understanding that she would get a mortgage.At the height of the boom in 2008, she paid 40 per cent for one floor of office space and 50 per cent on the other at Dh1,100 a square foot. She is also among the dozens of investors in the project who recently received termination notices.
“I actually have a brochure that states we’d get preapproved finance,” she said. “We paid a big premium to get the comfort of having pre-approved finance … We weren’t told until recently that we wouldn’t get it. When the market and the world economy changed, we raised this issue and were told, ‘don’t worry about it, we’ll work something out’ … We proposed to do a merger of the two floors and pay additional funds but were told ‘no’.”

Meanwhile, Jumeirah Business Centre 5, which is almost ready for handover,
has a default rate of about 85 per cent.

A senior source within Al Fajer, who asked not to be named, said:
“We have customers who did get financing; the developers also thought they were going to get financing for their projects and didn’t. We barely got any financing – 80 per cent was done with cash.”

Other property developers have also started to send cancellation notices to investors including Al Mazaya and Omniyat Properties.

Mohammed Sultan Thani, the assistant director general of the Dubai Land Department, concedes there is no clear-cut solution to the deadlock. Hundreds of termination letters have been sent out by the department in recent months, he said, and an investor who wishes to dispute a termination notice needs to go to court.

Successful sales in the auction process will also put more pressure on Dubai’s already oversupplied property market, Mr Albert added. But the process may not be entirely smooth.

“What finance will be available for people to buy at auction? You’d be looking at a very small pool of cash buyers, and they will seek very attractive prices in order to put cash into non-completed properties.”

Posted in Al Fajer Properties, Dubai, Dubai Legal - Real Estate Lawsuits, Jumeirah Business Centre | Tagged: , | Comments Off on Dubai – Property Investors formed groups to take class actions against developer

Dubai seize properties from off-plan investors

Posted by 7starsdubai on May 5, 2010


original published The National – Angela Giuffrida Dubai-  Abu Dhabi 25 April

The Dubai Land Department may begin seizing off-plan properties whose owners are in default.

The authority has started notifying investors who have defaulted that if they fail to make their outstanding payments within two weeks that 40 per cent of any money they have paid so far will be confiscated, and the properties will be sold at auction.

The confiscated money, along with any profits from the auctions, will be handed over to the developers. The rule applies to projects that are 80 per cent or more complete.

The move, according to Mohammed Sultan Thani, the department’s assistant director general, is intended to spur the completion of unfinished projects. “The idea is to see what we can do before the property is cancelled,” he said.

During the property boom, many developers depended on the off-plan model, whereby a property is sold before building work starts to provide finance for construction. Many analysts say the model fuels speculative buying and inflates prices.

A number of developers, including Kuwait’s Al Mazaya Real Estate, which has eight projects in Dubai, have had such cancellation notices issued to investors.

Omar Ramaznouf, a Russian investor who has so far paid Dh10 million (US$2.7m), 60 per cent of the total price, towards 16 office units at Mazaya Business Tower in Jumeirah Lake Towers, recently received one of the Land Department’s notices.

Mr Ramaznouf, who has not made any payments on his development since December 2008, was told in the letter that the developer would be allowed to “sell the related unit[s] by auction in conformity with common regulations, and with the price asked for by the developer in addition to expenses”, unless he paid the next 20 per cent instalment within two weeks.

The final instalment is due when the properties are handed over.

Mr Ramaznouf said he has been unable to pay some instalments because of “cash-flow problems” brought on by the financial crisis. He has been trying to extend his payment plan with Al Mazaya, according to Medhi Guliyev, his business partner.

“But now he’s being told ‘you don’t own this property anymore,’” said Mr Guliyev.

George Ezman, a businessman from the Czech Republic who bought several office units in Jumeirah Business Centre 5, a project by the Dubai developer Al Fajer Properties, has received a similar notice. He has paid 30 per cent of the total cost and is due to pay the remainder on completion.

Mr Ezman complained, however, that the developer breached its agreement by delivering the property more than a year late.

He said that, according to his contract, he had the right to cancel the contract and receive a refund if the property was late.

The building was supposed to be finished in 2008, he said. “I’m not paying any more because the agreement to cancel our contract and get a refund has been ignored. This, along with the fact that they can take our money and keep our property, is insane.”

Spokesmen for Al Mazaya and Al Fajer were unavailable for comment yesterday.

Lawyers working for investors such as Mr Ezman say that while the Land Department can issue cancellation notices, a property agreement can only be officially cancelled by the courts.

Mr Thani said the authority had yet to auction any properties and did not believe there would be many such cases. “Very few people will opt for not completing payments if the building is almost ready.”

Posted in Al Fajer Properties, Dubai, Dubai Legal - Real Estate Lawsuits, Dubai Properties, Real Estate Scandal Dubai, Rera Dubai, Sheikh Maktoum Al Maktoum | Tagged: , , , , | Comments Off on Dubai seize properties from off-plan investors

Dynasty Zarooni Executives charged with defrauding 25 Million

Posted by 7starsdubai on February 18, 2010


original published GulfNews

Gulf News obtained a copy of the arraignment sheet, in which K.M. was charged with offering the businessmen to multiply their money through a bogus investment portfolio. Records said the Indian told the businessmen to provide a monthly payment of Dh300,000 to be invested in real estate projects offering a monthly revenue of Dh1 million starting from the seventh month. KM allegedly got the claimants trust the feasibility of the portfolio by advertising in newspapers and the internet.

The Public Prosecution also charged M.H.Z. and R.Q. with aiding and abetting K.M. by confirming his claims, the act which allegedly resulted in cheating the claimants.

continue reading…..


Real estate fraud

Gulf News also learnt that prosecutors dismissed the charges of real estate fraud, worth hundreds of millions of dirhams, against the suspects for lack of crime.

Al Shaali appealed the dismissal of the real estate fraud charge.

An appeals judge is looking into this plea.

“The jury is only responsible for prosecuting the suspects on the charges of swindling and establishing a bogus investment portfolio … I will not accept any real estate fraud case or complaint,” concluded Presiding Judge Abdul Majid, who adjourned the case until March 10.

According to the charges sheet, K.M. told prosecutors that he bought the properties, which the businessmen described as bogus and non-existent, from developers and he was authorised to sell them. He presented contracts and documents to prove that he was authorised to do so.

Dynasty Zarouni’s chairman claimed in his statement to prosecutors: “Due to the global financial crisis, some of the businessmen’s cheques bounced and when he presented the bad cheques to the police, they complained against him.”

Posted in Al Fajer Properties, Dubai, Dubai law, Dubai Property Investors, Dubai Real Estate Scandal, Dynasty Zarooni, Fraud Dubai, Lawsuit Dubai | Tagged: , , , | Comments Off on Dynasty Zarooni Executives charged with defrauding 25 Million

Shahram Abdullah Zadeh vs Al Fajer Properties – A Dubai Deal called into Questions

Posted by 7starsdubai on December 5, 2009


original published Wall Street Journal

http://online.wsj.com/article/SB123457503562586691.html

jbc-towersDUBAI — Amid the movers and shakers of this glittering city, Shahram Abdullah Zadeh cut a wide swathe. He cruised around town in a white Bentley and dined with royalty as his company ( Al Fajer Properties)  developed one of the emirate’s premier office complexes, the Jumeirah Business Centre Towers located at the Jumeirah Lake Towers district in Dubai.

But in February 2008, a phone call from Dubai’s state security effectively ended it all.

Hauled in and locked up for 60 days, Mr. Zadeh says he was interrogated about his role in Dubai’s freewheeling real-estate sector and his business relationship with the brother-in-law of Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum. When released, Mr. Zadeh says he had been frozen out of the real-estate company he had helped start.

Mr. Zadeh’s experience, compiled though court and company documents, offers a rare window into the murky business world that helped transform this city from an empty coastline into a metropolis. It also may offer a cautionary tale for investors lured to the city, which bills itself as the modern face of a new Middle East. Dubai is one of seven semi-autonomous emirates that make up the United Arab Emirates.

The U.S. government and human-rights groups have long criticized the judicial system in the U.A.E for a lack of independence and oversight. In the good times, investors didn’t fret much about these shortcomings. Now, some of the same deals that helped build Dubai are coming undone — in particular, a tradition of off-the-book business partnerships between Emirati citizens and elite expatriates like Mr. Zadeh, who was born in Iran.

Shahram Abdullah  Zadeh claims his detention came after a business dispute with his partner at Al Fajer Properties, Sheikh Hasher bin Juma’a Al Maktoum and his son, Sheikh Maktoum bin Hasher Maktoum al Maktoum. Both men are members of the extended family of Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum.

Mr. Zadeh alleges the two men took control of the firm while he was in custody, according to a lawsuit he filed with Dubai’s public prosecution office last year.

Mr. Zadeh has not been charged with a crime.

But for the past year, authorities have held onto his passport, making it impossible for him to travel or find work.

“I used to believe in the miracle of Dubai. But now I see it all as a mirage,” said Mr. Zadeh, 37. Sheikh Hasher denies any wrongdoing. He says he was not responsible for Mr. Zadeh’s jailing and that he removed him from the company because Dubai authorities said he had offered bribes, an allegation Mr. Zadeh denies.

Some of Mr. Zadeh’s claims are impossible to verify independently. His only copy of the real-estate partnership agreement is missing, and official company documents show the Sheikh Hasher as sole owner. Dubai’s security services, the public prosecutors’ office and the Dubai ruler’s court all either declined to comment or didn’t respond to repeated requests for comment.

Last fall, the Emirates’ Human Rights Association, a government body, wrote to authorities asking for an explanation about why Mr. Zadeh’s passport was being held. The group did not receive any response, according to his lawyers.

Shahram Abdullah Zadeh grew up in Dubai, attending school with the children of some of the city’s top families. He managed his family’s hotel and retail holdings and decided to go into business himself in 2000. Real-estate development was off limits to foreigners, even longtime residents like himself. So, he turned to a common practice — a silent partnership with a U.A.E. citizen.

Typically, such partnerships involve an Emirati acquiring a business license and then granting his foreign partner management control. The foreigner either pays an annual fee to the Emirati or the two share profits. The terms are set forth in a parallel set of documents, separate from those submitted to the government. Such contracts are so common that courts here have upheld them in disputes, according to commercial lawyers here.

In 2004, an old friend of Mr.  Shahram Zadeh’s father brokered an introduction with Sheikh Hasher Maktoum bin Juma al Maktoum. The Sheikh owns Al Fajer Enterprises, a conglomerate that includes a construction and contracting arm.

In affidavits filed with Dubai’s prosecution office, Mr. Zadeh contends that he and Sheikh Hasher Maktoum bin Juma Al Maktoum verbally agreed to a partnership, signing a contract on Feb. 1, 2006.

The partnership, Mr. Zadeh says, established the two men as co-owners of Al Fajer Properties. The men would split profits equally and would invest equal amounts of capital. The contract named Mr. Zadeh as chief executive.

shahram-zadehShahram Abdullah Zadeh  provided $335,000 in start-up capital, and he invested another approximately $30 million in the company, according to bank documents reviewed by The Wall Street Journal.

Mr. Zadeh’s affidavits contend Sheikh HasherMaktoum bin Juma Al Maktoum didn’t contribute any capital. Sheikh Hasher denies the equity partnership ever existed.

Business took off quickly.

One of Al Fajer’s biggest projects was a planned $750-million development of five office towers,the Jumeirah Business Centre Towers,  set just inland from Dubai’s man-made, palm-tree-shaped island. Shahram Zadeh bought three of the five plots for the 40-story towers with his own money, according to financial documents. With investors lined up for units, he then awarded $215 million worth of contracts to the construction arm of Sheikh Hasher’s Al Fajer Enterprises, according to company documents.

But by late 2007, the contractors were behind schedule, according to company documents and former employees. Al Fajer Properties was facing fines for the delays, and buyers were starting to complain.

Sheikh Maktoum Hasher bin Juma al Maktoum wanted payments to continue to his companies, but Mr. Zadeh claims he said no.

The sheikh complained in a series of text messages that unless  Shahram Abdullah Zadeh released more cash, the Sheikhs contracting companies would go bankrupt.

On Feb. 21, 2008,  Shahram Abdullah Zadeh claims, he received an unusual phone call from Dubai State Security, asking him to come in that evening for a talk. When he arrived, , he claims that police blindfolded him, put him into a sport-utility vehicle and drove him to a detention center.

In the eight weeks he was jailed, Shahram Abdullah  Zadeh says he was never accused of a specific crime or shown an arrest warrant. Instead, he says, he was repeatedly interrogated about his personal life and Al Fajer’s operations, and gave his interrogators the combination to the company’s safe after they asked for it. “They told me that if I did not cooperate that they would ruin me,”  Shahram Abdullah  Zadeh said.

Mr. Zadeh contends the only copy of his partnership agreement with Sheikh Hasher Maktoum bin Juma Al Maktoum was in the safe. Former employees of Al Fajer say the company safe was emptied while Mr. Zadeh was jailed.

On March 6, Sheikh Hasher’s son, Sheikh Maktoum bin Hasher Al Maktoum, was named the new chief executive of Al Fajer Properties. Sheikh Hasher hired international accountants to audit Al Fajer Properties  books, according to former employees. He then presented the findings to employees and select clients, accusing Shahram Abdullah  Zadeh of embezzling funds. Phone calls and emails sent to lawyers and accountants of Al Fajer Properties were not returned.

Sheikh Hasher says Mr. Zadeh stole money from him, but the Sheikh did not provide evidence, or the audit, to back his claim. Mr. Zadeh denies it.

Prosecutors refused to investigate the case, citing an order from Dubai’s attorney general, an official appointed by the ruler.

In November 2008 , Shahram Abdullah  Zadeh tried one last option. He approached the ruler’s diwan, or court administration, and asked for mediation from Sheikh Mohammed bin Rashid Al Maktoum himself.

So far, there has been no reply.

read more about ….

read also from The Independent Dubai Property Scandal claim emerges amid media blackout – Al Fajer Properties

read also  Criminal  complaint filed in Germany against Sheikh Maktoum Hasher Al Maktoum Al Fajer Properties

Posted in Al Fajer Properties, Dubai Fraud, Jailed in Dubai, Jumeirah Business Centre, Prison Dubai, Shahram Abdullah Zadeh, Shahram Zadeh, Sheikh Hasher Maktoum Al Maktoum, Sheikh Maktoum Hasher Al Maktoum, Torture Dubai, Torture UAE | Tagged: , , , , , | 4 Comments »

Dubai a legal system on trial

Posted by 7starsdubai on November 9, 2009


Dubai , Aug 07, 2009

Dubai legal System in questions

Dubai legal System in questions

Charles Ridley, a Bahrain-based British businessman, is facing trial in the Dubai court system. He is one of seven people accused of defrauding Dubai Islamic BankDubai Islamic BankLoading… of more than $500m, charges which he denies.

However, Mr Ridley, standing in white prisoner’s uniform in Dubai’s court of first instance, can understand proceedings only when the translator relates a direct question from the judge, or when the testimony turns to English. Even then he has to overcome the poor acoustics of the wood-panelled court.

“I need a translator so I can understand what is going on,” Mr Ridley says.

The high-profile case is one of many inching their way through the system this summer as the government’s corruption investigation leads to court cases.

The fate of Mr Ridley and other defendants has given rise to increasing calls for legal reform of the Dubai judiciary, which Sheikh Mohammed bin Rashid Al Maktoum, the emirate’s ruler, has criticised as outdated and inefficient.

Also the sharp economic downturn in the city has prompted an increase in financial crimes, especially default, which remains a criminal rather than civil matter in Dubai.

“We need full legal reform to update all the laws, not just commercial but also criminal,” says Habib al-Mulla, a prominent Dubai-based lawyer.

“Part of the issue is people are facing prosecution and the laws aren’t adapted to financial crimes, and the judiciary can’t handle the situation if laws are still holding us back. The problem, though, is when will it be done?”

Mr Ridley’s unheeded call for a simultaneous translator would be simple enough for the courts to satisfy, but changes to other elements of the United Arab Emirates judicial system would need approval from the federal government in Abu Dhabi, the capital.

The issue has been thrown into sharper relief by the case of Abdulsalam al-Marri, a former chief executive of Lagoons, a property development, who was held for nine months before last week being acquitted of bribery charges.

Mr Marri is one of many executives caught up in the Dubai government’s anti-corruption investigation, which was launched last year. He feels aggrieved at having spent almost a year behind bars, during which he missed the birth of his twins, and his professional reputation is shattered.

“We trust our legal system, but the procedures were not right. We can’t sit in jail and then go to court,” says Mr Marri, who is likely to face an appeal from the state prosecutor.

According to lawyers who declined to be identified, one of the most important legal reforms needed in the UAE is prompt investigation and presentation of evidence against the accused.

They are also concerned about the freer rein extended to the state security services by the public prosecutor’s office, which they say is a change from a decade ago when the security services were on a tighter leash.

“The prosecution should have a maximum six months to prove their case and charge defendants,” says one senior lawyer.

In recent years, the internal security service has played a larger role in investigations of white-collar crime, especially those relating to government corruption.

Suspects detained by state security are frequently held for weeks, sometimes in solitary confinement and without access to legal or consular access, lawyers say.

Photo: Shahram Abdullah Zadeh CEO Al Fajer Properties 2008. The suit has challenged the transparency of the justice system of Dubai, which requires foreign investors to take on a UAE partner. Zadeh said he reverted to a civil action when prosecutors refused to file criminal charges against Sheikh Hasher Juma Al Maktoum and his son Sheikh Maktoum Hasher Maktoum Al Maktoum

Photo: Shahram Abdullah Zadeh CEO Al Fajer Properties 2008. The suit has challenged the transparency of the justice system of Dubai, which requires foreign investors to take on a UAE partner. Zadeh said he reverted to a civil action when prosecutors refused to file criminal charges against Sheikh Hasher Juma Al Maktoum and his son Sheikh Maktoum Hasher Maktoum Al Maktoum

Shahram Zadeh CEO Al Fajer Properties Dubai, a longstanding Iranian expatriate in Dubai, says he was detained for two months last year. After extensive interrogation, Mr Zadeh was released without charge but has had his passport withheld.

Since then, the Dubai authorities have refused to accept attempts by Mr Zadeh to launch criminal proceedings against members of the ruling family over the ownership of Al Fajer Properties.

Al Fajer claims Mr Zadeh stole money from the company, but the courts are hearing a $1.9bn civil law suit filed by Mr Zadeh against Sheikh Hasher bin Maktoum Al Maktoum and two of his children ( the son, Sheikh Maktoum Hasher Maktoum Al Malktoum and his sister Sheikha Maryam Hasher Maktoum Al Maktoum)  in which Mr. Zadeh claims they used the detention to seize the company illegally. He alleges that they were only sponsors and did not invest. They deny the allegation.

Sheikh Maktoum Hasher bin Juma Al Maktoum Al Fajer Properties in Dubai. Appointed by his father Sheikh Hasher Maktoum Juma Al Maktoum Mid March 2008 to the President of Al Fajer Properties

Sheikh Maktoum Hasher bin Juma Al Maktoum Al Fajer Properties in Dubai. Appointed by his father Sheikh Hasher Maktoum Juma Al Maktoum Mid March 2008 to the President of Al Fajer Properties

Lawyers say defendants should be allowed to have a legal representative present when they are being questioned, and police should stop sitting in on the weekly conversations lawyers are permitted to have with detained clients in the run-up to and during court hearings.

The public prosecution’s file of evidence should also be made available if suspects are detained for long periods before being charged and tried, the lawyers say.

Changes to the commercial courts – especially those that deal with the collapsed real estate market – are also needed, the lawyers argue. These changes could include cheaper fees and more efficient scheduling of cases, which at present can drag on for months.

But even if the city decides to overhaul criminal and commercial procedures, the matter is federal and therefore needs to be addressed by the government based in Abu Dhabi.

“In the end, Dubai can improve efficiency on the edge, but this will still be short [of what is required] unless they get the federal umbrella to change,” says one critic.

By Simeon Kerr in Dubai
source Zawya

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Posted in Al Fajer Properties, Dubai, Dubai Fraud, Dubai Justice, Dubai Legal - Real Estate Lawsuits | Tagged: , , , | Comments Off on Dubai a legal system on trial

Shahram Zadeh Al Fajer Properties filed case against Sheikh Maktoum

Posted by 7starsdubai on November 9, 2009


Al Fajer Properties Dubai 2009 CEO Shahram Zadeh in Dispute with Sheikh Maktoum Hasher Maktoum

In this Gulf city-state, two things have long been untouchable: business interests and the ruling family. However, an attempt to sue a member of the family over an alleged financial swindle is a sign of how much the economic crisis has rattled business as usual here.

Shahram Abdullah Zadeh accuses the brother-in-law , Sheikh Hasher Maktoum Al Maktoum, of Dubai’s emir illegally of taking over his real-estate firm Al Fajer Properties and having him detained by police to help the swindle.

Zadeh, a 37-year-old Iranian national who has lived in Dubai all his life, brought a civil case against the brother-in-law and his son Sheikh Maktoum Hasher Maktoum Al Maktoum to get his firm Al Fajer Properties back, a rare move. Even more surprising, shrahm Zadeh tried to raise criminal charges, but that step went nowhere because prosecutors rejected it.

The case has raised questions about whether Dubai really is what it claims to be: A boomtown where international businessmen can safely invest and turn a profit; or rather, a nest of cronyism and connections where royal blood can still trump entrepreneurial effort.

Such questions were largely ignored by everyone – businessmen and politicians alike – as long as the cash was rolling in during Dubai’s stunning expansion over the past decade. But now the emirate has hit the skids in the world financial crisis.

“During the boom, Dubai’s shortcomings were glossed over, but now that the economy is struggling, it’s becoming a different story,” said Christopher Davidson, an author of two books on the United Arab Emirates and a lecturer at Durham University in Britain.

Dubai’s emir, Sheik Mohammed bin Rashid Al Maktoum, led the emirate’s vast financial ambitions. But business ran far ahead of the effort to modernize legislation in what remains a traditional Arab monarchy, where the ruler and his family hold final say.

Now the government has been trying to rein in some fast-and-loose business practices. About a dozen former executives are in custody for various investigations. Some have close ties to the government, but none of those in custody are related to the ruling family.

Zadeh’s case goes farther – breaking to taboo of questioning Dubai’s leadership. Zadeh says he’s a victim of a system in which the rulers can manipulate police and the courts to protect their business.

“If Dubai cannot provide security for foreign investors, they might as well switch off all the lights,” he said.

Attempts over the past weeks by The Associated Press to contact the brother-in-law, Sheikh Hasher Maktoum bin Juma’a Al Maktoum, were unsuccessful. Hasher Maktoum Al Maktoumand his company attorneys did not return repeated phone calls or respond to interview requests.

In the first session of Zadeh’s civil case, Hasher Maktoum Al Maktoum and his lawyers failed to appear. In the second a week ago, his lawyer asked the court for more time to study the allegations. The case is to resume May 4.

Zadeh and the Sheikh Maktoum Hasher Al Maktoum went into business in 2004. Foreigners are allowed to deal in property only after finding an Emirati sponsor to officially register a company. The usual practice is for the Emirati sponsor to give his signature for an annual fee or profit share. Several members of the sprawling ruling family are involved in such deals.

Zadeh set up a firm, Al Fajer Properties, and was chief executive while Sheikh  Hasher Maktoum Al Maktoum held the trade license. The firm was profitable and is now worth about $2 billion, according to Zadeh. But the partnership soured over delays in building a commercial tower, Juemirah Business Centre.

Zadeh said in an affidavit to Dubai’s attorney general that he was arrested in February 2008 and held for 60 days. He says he was never charged with any crime but was questioned over his business – including the combination of his safe.

While Zadeh was in detention, Sheikh Hasher Maktoum Al Maktoum took over the company Al Fajer Properties by appointing his son Sheik Maktoum Hasher Maktoum Al Maktoum as chief executive, ousting Zadeh, according to Zadeh’s filing. When he was released, Zadeh says he found his office safe had been cleaned of documents showing he was the owner of Al Fajer Properties and Hasher Maktoum Al Maktoums partner.

Zadeh also says police tried to push him to sign a document saying he had no connection to Al Fajer Properties. He submitted to the court

Al Fajer documents listing him as CEO and transactions that his lawyers contend show he was the sole investor. The Associated Press was given a copy.

Sheikh Hasher Maktoum Al Maktoum  “thought he could do it all because he’s a Sheik,” Zadeh said.

Police refused to comment on whether Zadeh was detained. Shahram Zadeh says they continue to hold his passport and so far he has had little luck pushing his claims.

He submitted a criminal complaint but the attorney general refused to investigate, giving no reason.

Zadeh then filed a complaint directly to Dubai’s emir, who holds what is called the Ruler’s Court. Residents can bring to the emir what they believe are injustices unaddressed by the courts – from disputes over money to wrongful deaths.

Zadeh says he has received no response.

see also: Terahn Times

More: Al Fajer Properties DubaiJumeirah Business CentreEbony Ivory Towers Dubai

Posted in Al Fajer Properties, Dubai, Dubai Fraud, Dubai Justice, Dubai Police, Jumeirah Business Centre, Shahram Abdullah Zadeh, Sheikh Maktoum Hasher Maktoum Juma Al Maktoum-2 | Tagged: , , , | Comments Off on Shahram Zadeh Al Fajer Properties filed case against Sheikh Maktoum

Al Fajer Properties project Dynasty Zarooni Scandal

Posted by 7starsdubai on July 24, 2009


Al Fajer Properties , HH Sheikh Maktoum Hasher Maktoum Al Maktoum

HH Sheikh Maktoum Hasher Maktoum Al Maktoum – Al Fajer Properties

Sheikh Maktoum Hasher Maktoum Al Maktoum is giving interviews about the sucess but a major real estate scandal is unfolding in Dubai as 500 angry unit buyers and investors in the $630 million Ebony Ivory Towers project demand a full government investigation of developer Al Fajer Properties and its agent Dynasty Zarooni Inc., according to Ebony Ivory Investors Group.”

source Financial Post

Misleading advertisements and press releases, overselling of non existing space and the missing down payments are among the buyers’ documented complaints, according to Moses Oye, a British investor and spokesperson for the Al Fajer Properties Investors Group having investors from US, UK, Russia, Iran, India, Canada & Pakistan.

“We are calling on Dubai’s Real Estate Regulatory Authority (RERA) and the Dubai Ruler’s Court to investigate the developer, cancel the Ebony Ivory project and compel a refund of our $140 million in down payments,” said Oye.
Oye cited a series of fake construction photographs that ran in a local newspaper in July 2008 with Al Fajer Properties logo. The photos showed a structure rising six floors above ground with the following caption: “Shot on location on 10th June 2008, Ebony Ivory, Jumeirah Lakes Towers.”

In reality, the photos were taken at another Al Fajer Properties  site and currently there is only a hole in the ground at the Ebony Ivory project, according to Oye.



“Had we known that Al Fajer Properties was presenting false and misleading photographs, we would never have invested in the development,” he said.
“In fact, some investors have already filed criminal cases for misrepresentation with the Dubai Public Prosecutor.”

In the past year, there has been virtually no construction on the site, said Oye. In addition, investors have learned that the developer sold approximately 250,000 square feet more space than the maximum built-up area allowed by government permit – another indicator of potential fraud selling air.

Most importantly, Al Fajer Properties paid Dynasty Zarooni Inc approximately $55 million of the $140 million collected in down payments that should have been deposited in an escrow account, Oye said. “We demand our money back and want to know why Al Fajer gave those funds to Dynasty Zarooni rather than use them for construction,” continued Oye.

“The law sets a punishment of imprisonment and fines for any person who embezzles payments made for the purpose of construction of real estate project.”

To date, RERA has ignored the investors’ demands of a transparent investigation and the evident violations of RERA regulations and UAE criminal laws in order to serve the interests of Sheikh Maktoum Bin Hasher Al Maktoum and Al Fajer Properties, said Oye.

“What do you do when the independent government agency trusted by the Ruler of Dubai to regulate and monitor the real estate developer’s performance actually participates in a cover-up operation that deprives investors of their rights?

What does that say to the world about the security of real estate investments in Dubai?

Where is the transparency and accountability Dubai Ruler ordered?

Are the laws not applicable when it comes to Sheikh Maktoum Bin Hasher Al Maktoum ?”


“Al Fajer Properties, which is controlled by Sheikh Hasher Maktoum from a ruling family using the government agency platform, continues to mislead the public about their non-existing construction with false reports as evident in their recent press release claiming 15% construction where in reality it is a deserted site with no construction at all.”


Summing up the case, Oye raised grave concerns about the recent threats some of the investors have received and quoted attorney Salim Al Shaali who represents plaintiffs in a criminal case against the Ebony Ivory sales agency for misrepresentation.

In a recent interview, Al Shaali said,

“We have full trust in Dubai justice system. I personally guarantee all investors that Dubai government will never allow a few individuals to abuse their social or official positions for illicit profits and damage the reputation of the brand Dubai as a safe and most secure investment hub in the region.

We are waiting for a reply from the prosecution’s office

original published see below


Posted in Al Fajer Properties, Dubai, Jumeirah Business Centre, Sheikh Maktoum Al Maktoum | Tagged: , | Comments Off on Al Fajer Properties project Dynasty Zarooni Scandal

Iranian’s lawsuit reveals royal power in Dubai

Posted by 7starsdubai on July 22, 2009


source World Tribune  09 June 2009

A  member of the royal family (Sheikh Maktoum Hasher Maktoum Al Maktoum)  in the United Arab Emirates has for the first time been sued by an Iranian executive on charges of fraud.

Shahram Abdullah Zadeh has sued the brother-in-law ( Sheikh Hasher Maktoum Al Maktoum) of the emir of Dubai ( Sheikh Mohammed bin Rashid Al Maktoum) in an unprecedented civil action in the UAE. The 37-year-old Iranian national has accused the brother-in-law, Hasher Maktoum Bin Juma’a Al Maktoum, of trying to take over Zadeh’s real estate firm.

“He thought he could do it all because he’s a sheik,” Zadeh said

Shahram Abdullah Zadeh CEO Al Fajer Properties 2008

Shahram Abdullah Zadeh CEO Al Fajer Properties 2008

The suit has challenged the transparency of the justice system of Dubai, which requires foreign investors to take on a UAE partner. Zadeh said he reverted to a civil action when prosecutors refused to file criminal charges against Hasher.

Zadeh, a life-long resident of Dubai, said he selected Hasher as the required UAE partner in Al Fajer Properties, established in 2004 and now worth $2 billion. Zadeh said he and Hasher fell into a dispute amid delays in building a billion-dollar office tower.

The economic downturn in the UAE has harmed a range of partnerships with foreign investors. In Dubai, the commercial capital, police have detained nearly 20 executives on suspicion of fraud. None of the detainees was connected to the ruling Al Maktoum family.

“There is no room for corruption and the corrupt,” Dubai ruler Mohammed bin Rashid Al Maktoum said. “In all corruption cases, people are not only prosecuted and punished, administrative and legal holes that they exploited to commit their crimes are plugged.No one in the emirates is above the law and accountability.”

Zadeh said Hasher Maktoum Al Maktoum, who ignored two summonses, exploited his connections to the ruling family to have the Iranian arrested. In February 2008, Zadeh was imprisoned for 60 days and pressed to renounce links to Al Fajer.

As Zadeh languished in prison, Hasher Maktoum Al Maktoum was said to have taken over Al Fajer and appointed his son chief executive officer. By the time, he was released, Zadeh found that his office safe was ransacked and cleansed of any documents that linked him to the company.

At one point, Zadeh appealed to Dubai’s emir. He said the emir did not respond to the complaint against his brother-in-law.

“We understand that Al Fajer Properties is controlled by a powerful member of Dubai’s ruling family,” Moses Oye, who represents investors in another Al Fajer project, said.

Still, Al Fajer continues to operate. On April 15, Al Fajer and the Dubai Real Estate Regulatory Agency, RERA Dubai,  announced the first transfer of property using a new official online system.

Sheikh Maktoum Hasher Maktoum Al Fajer Properties

Photo: Sheikh Maktoum Hasher Maktoum facing lawsuits from Investors of Ebony and Ivory Towers - also named Jumeirah Business Centre) developer in Dubai is Al Fajer Properties

Hasher’s son, Maktoum, was identified as president of Al Fajer.  Zadeh was not mentioned.

Foreign investors have demanded an investigation of another Al Fajer project, Ebony Ivory.

The investors, alleging fraud, have called on the Dubai Real Estate Regulatory Agency to force Al Fajer to issue a refund.

“We have paid approximately $140 million and have a signed contract from Sheikk Maktoum Hasher  Maktoum Al Maktoum,” Oye, who represents investors from Britain, Canada, India, Iran, Pakistan and the United States, said. “Now, we want our money back.”

Posted in Al Fajer Properties, Dubai, Jumeirah Business Centre, Shahram Abdullah Zadeh, Sheikh Maktoum Al Maktoum | Tagged: , , , , | 1 Comment »

Al Fajer Properties Dubai Scandal media blackout

Posted by 7starsdubai on June 20, 2009


May 28. 2009
source Independent by Heerkani Chohan and PropertyWeek

Sheikh Maktoum Hasher Maktoum Al Maktoum Ebony and Ivory Tower Al Fajer JBC Dubai Fake pictures allegations and a member of the ruling family , Sheikh Maktoum Hasher Maktoum, linked to a 429 pound million Dubai property row that has touched nerves across the city.

“Fake” pictures are at the heart of a property scandal that could harm the reputation of the once-booming real estate market in Dubai.

A major property development firm, Al Fajer Properies,  with links to the ruling family of the UAE city-state, and the firm’s marketing agency Dynasty Zarooni, are accused by investors, many of whom are UK citizens, of obtaining millions of pounds through the use of false construction photographs.

On Thursday, after local and regional media had been alerted to the situation by angry investors, news agencies across the city said they were silenced by senior representatives of the Government of Dubai, as orders were issued for reports of the storm to be pulled.

Around 500 property buyers of varying nationalities collectively purchased three planned tower blocks named Ebony 1, Ivory 1 and Ivory 2 in the Jumeirah Lakes Towers area of the Gulf city last year from property development firm Al Fajer Properties, at a total cost of £428 million.

The firm is part of the Al Fajer Group, ran by company president Sheikh Maktoum bin Hasher Al Maktoum, brother-in-law to the supreme ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.

But at the weekend it was claimed that Al Fajer Properties and its marketing agent Dynasty Zarooni misled their customers into parting with millions of pounds by presenting photographs showing construction of three buildings, purported to be Ebony 1, Ivory 1 and Ivory 2, up to the sixth storey.

In fact the photographs were of buildings on neighbouring plots. Today, the plots on which Ebony 1, Ivory 1 and Ivory 2 are to be built, are empty holes in the ground, as our photographs show.

“I only handed over my money because I was shown property under construction,” said UK-based Ebony and Ivory Investor’s group spokesperson Moses Oye. “That’s my simple gripe. It’s a black and white issue.”

Mr Oye, who has parted with a little over £1 million – 20% of his total purchase price – had made the seven-hour flight from London to Dubai specifically to chair a press conference to raise awareness of the mess, after official government channels failed to take action.

“We have not sought legal representation as yet,” My Oye said, “because we have tried to square this correctly. The next step will be to go legal.”

However, the press conference was cancelled at the last minute by the hotel where it was to be held, citing “health and safety reasons.” The hotel, Dubai’s Mina A’Salam, is owned by Dubai Holdings, a Dubai government-controlled holding company.

“I asked for the reason to be put in writing, but the hotel refused,” Mr Oye said. “So I asked for a suite. But they said they did not have anything. I personally believe that the powers that be cancelled the meeting.” When contacted, Mina A’Salam management did not respond.

The conference was called to highlight a petition signed by the 500-strong investor’s group urging the Dubai Real Estate Regulatory Agency (Rera), the government body which oversees the Dubai property market, to force Al Fajer Properties to refund the £86 million that has to date been collected by the firm from investors in the three towers.

After the meeting was axed, news agencies were called to a

neighbouring hotel to be told of the escalating situation. But

when reports began to surface on news websites, news

agencies received phonecalls from senior Dubai

government figures ordering them to be pulled.

“I had written half of the article when I was told by my editor to stop,” said a Dubai-based national newspaper reporter who attempted to cover the story. “The investor’s group have records of payment, and it’s obvious that they have been shafted, but we can’t write about it.”

The lack of progress on the three towers is a source of deep concern for the investors. Many real estate projects across Dubai were put on hold or cancelled as the torrent of easy credit that fuelled rampant development in the city ran dry with the onset of the global financial crisis.

“Whether Al Fajer are still going to construct or not is neither here nor there,” Mr Oye said. “They would not have got my money if they had not shown me fraudulent pictures.” Al Fajer Properties also declined to comment.

Fellow investor’s group spokesperson Atul Patel, who has parted with £600,000 added: “A lot of people would not have bought had they not thought the project was in an advanced stage of construction.”

The pictures also appeared in an advertising campaign in a Dubai-based national newspaper last July, with the caption, “Shot at location on 10th June 2008. Ebony & Ivory – Jumeirah Lakes Towers.” The two page spread included the seals of Dynasty Zaronni and Al Fajer Properties. Dynasty Zarooni also neglected to comment.

The news will further dampen the spirits of the once-booming Dubai real estate market – a vital facet of the city’s economy. Last year a number of senior executives from major property developers across the city were arrested in a high-profile fraud clampdown as the government sought to clean up the property sector.

With it, the global recession has brought a host of new problems. Many construction firms operating in the city, some of which are UK-based, are owed millions of pounds by Dubai property developers struggling with a lack of liquidity.

Among them is UK engineering giant WSP. The firm’s finance director Peter Gill revealed that the firm is owed £28 million by Dubai-based developers, some controlled by the city’s government.

Dubai’s property market has been likened by some to a giant ponzi scheme, where bigger and more grandiose projects were announced in a bid to keep investment rolling in until the financial crisis tamed the city’s galloping development.

At Cityscape Dubai, a major property exhibition held last October, government-controlled developer Nakheel, responsible for the giant palm tree shaped islands off the coast of Dubai, announced it was to build the world’s first 1km high tower. The Nakheel Tower – if ever built – will eclipse the current world’s tallest building, Dubai’s own Burj Dubai.

Meanwhile, state-owned developer Meraas unveiled a mammoth £16.3 billion development called Jumeirah Gardens, to be built in place of an existing residential area in the city.

Today, the plot where the world’s new tallest tower should be under construction is little more than a sun-baked stretch of desert. Work on the Nakheel Tower was halted in January, and work on vast swathes of Jumeirah Gardens has also run aground.

The national media blackout over the Al Fajer case is unusual even in a country gripped by a harsh media law, and a pending new law, that has already drawn criticism for its prohibition of free speech.

A report by the US-based Human Rights Watch group into the UAE’s pending media law, Just the Good News, Please, was published last month. “(The pending law) includes troubling content-based restrictions on speech, draconian fines, and harsh registration requirements,” the report said.

It highlighted a number of the new law’s provisions, branding them: “Not only unlawful intrusions by the government into the right of journalists in the UAE to freely express their thoughts and opinions on any subject of their choosing, but also an unjustified attempt to control the independence of the media.”

Words that will do little to inspire confidence in Mr Oye. “This is going to define my faith in the country,” he said. “If I’m dealt with correctly, great. But at the moment, it’s not going that way. We’re in the witching hour now.”

Heerkani Chohan is the pseudonym of a journalist living and working in Dubai.

Posted in Al Fajer Properties, Dubai, Dubai Property dispute, Dynasty Zarooni, Fraud Dubai, Jumeirah Business Centre, Sheikh Maktoum Al Maktoum, Sheikh Maktoum Hasher Maktoum Juma Al Maktoum-2 | Tagged: , , , , | Comments Off on Al Fajer Properties Dubai Scandal media blackout

Al Fajer Properties Shahram Zadeh lawsuit

Posted by 7starsdubai on March 5, 2009


Iranian’s lawsuit reveals royals’ power in UAE

ABU DHABI — A member of the royal family in the United Arab Emirates has for the first time been sued by an Iranian executive on charges of fraud.

Shahram Abdullah Zadeh has sued the brother-in-law of the emir of Dubai in an unprecedented civil action in the UAE. The 37-year-old Iranian national has accused the brother-in-law, Hasher Maktoum Bin Juma’a Al Maktoum, of trying to take over Zadeh’s real estate firm.
“He thought he could do it all because he’s a sheik,” Zadeh said.

The suit has challenged the transparency of the justice system of Dubai, which requires foreign investors to take on a UAE partner. Zadeh said he reverted to a civil action when prosecutors refused to file criminal charges against Hasher.

Zadeh, a life-long resident of Dubai, said he selected Hasher as the required UAE partner in Al Fajer Properties, established in 2004 and now worth $2 billion. Zadeh said he and Hasher fell into a dispute amid delays in building a billion-dollar office tower.

The economic downturn in the UAE has harmed a range of partnerships with foreign investors. In Dubai, the commercial capital, police have detained nearly 20 executives on suspicion of fraud. None of the detainees was connected to the ruling Al Maktoum family.

“There is no room for corruption and the corrupt,” Dubai ruler Mohammed Al Maktoum said. “In all corruption cases, people are not only prosecuted and punished, administrative and legal holes that they exploited to commit their crimes are plugged. No one in the emirates is above the law and accountability.”

Zadeh said Hasher, who ignored two summonses, exploited his connections to the ruling family to have the Iranian arrested. In February 2008, Zadeh was imprisoned for 60 days and pressed to renounce links to Al Fajer.

As Zadeh languished in prison, Hasher was said to have taken over Al Fajer and appointed his son chief executive officer. By the time, he was released, Zadeh found that his office safe was ransacked and cleansed of any documents that linked him to the company.

At one point, Zadeh appealed to Dubai’s emir. He said the emir did not respond to the complaint against his brother-in-law.

“We understand that Al Fajer Properties is controlled by a powerful member of Dubai’s ruling family,” Moses Oye, who represents investors in another Al Fajer project, said.

Still, Al Fajer continues to operate. On April 15, Al Fajer and the Dubai Real Estate Regulatory Agency announced the first transfer of property using a new official online system. Hasher’s son, Maktoum, was identified as president of Al Fajer. Zadeh was not mentioned.

Foreign investors have demanded an investigation of another Al Fajer project, Ebony Ivory. The investors, alleging fraud, have called on the Dubai Real Estate Regulatory Agency to force Al Fajer to issue a refund.

“We have paid approximately $140 million and have a signed contract from Sheik Maktoum Bin Hasher Al Maktoum,” Oye, who represents investors from Britain, Canada, India, Iran, Pakistan and the United States, said. “Now, we want our money back.”

source

WORLD TRIBUNE ARTICLE

Posted in Al Fajer Properties, Dubai, Dubai court, Maktoum Hasher Maktoum | Comments Off on Al Fajer Properties Shahram Zadeh lawsuit

 
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