JEDDAH: Police here are searching for a man accused of embezzling SR1.6 million from an investor by claiming he was starting a used-car import business. According to a report in Saturday's Eqtisadiah newspaper, the accused used the Internet to find his victim. The man convinced the investor to transfer the funds to a bank account after delivering fake documents to make the deal look legitimate. The accused fraudster is still in the country, according to the defrauded investor. The report didn't report the nationality of the accused.
Man claims he was scammed of SR1.6 million
JEDDAH: Police here are searching for a man accused of embezzling SR1.6 million from an investor by claiming he was starting a used-car import business. According to a report in Saturday's Eqtisadiah newspaper, the accused used the Internet to find his victim. The man convinced the investor to transfer the funds to a bank account after delivering fake documents to make the deal look legitimate. The accused fraudster is still in the country, according to the defrauded investor. The report didn't report the nationality of the accused.