A man was accused by his friend of committing fraud to obtain an amount of 417,200 dirhams. The fraud involved convincing the friend to invest in a project aimed at improving and selling a property.
Incident Details and Legal Proceedings
Over time, the friend discovered the deception when the promised returns and capital were not realized. The Abu Dhabi Court for Family, Civil, and Administrative Cases ruled that the defendant must repay the amount.
The plaintiff filed a lawsuit demanding the repayment of 417,200 dirhams, along with 12% interest from the date of partial payment, and an additional 150,000 dirhams as compensation for damages suffered. The plaintiff argued that the defendant had convinced him to invest in the property project by promising significant returns and capital protection. However, the defendant failed to uphold his part of the agreement.
The incident began with organized correspondence between the two parties, wherein the defendant advised the plaintiff to invest his funds into the project. The plaintiff was presented with inflated account statements, showing potential returns. However, the defendant eventually breached the agreement, prompting the plaintiff to demand the return of his investment.
The plaintiff testified under oath, stating, “I swear to God Almighty that the defendant owes me 417,200 dirhams and that this amount was intended for an investment relationship between us. I transferred this amount to him, but he violated the agreement and did not return the money.” The plaintiff emphasized that the defendant neither fulfilled the agreement nor provided any repayment.
The court-appointed technical expert concluded that the relationship between the parties was indeed based on the investment of money, with the defendant expected to secure returns while retaining the capital. The defendant failed to attend expert meetings or provide a substantial defense, reinforcing the plaintiff's claims.
Court’s Decision
The court reviewed the account statements, communication records, and expert reports, which all supported the plaintiff's claims. The court ruled that the evidence was sufficient to prove the defendant's indebtedness. Consequently, the court ordered the defendant to pay the plaintiff 417,200 dirhams, along with 10,000 dirhams, for a comprehensive financial lawsuit. The defendant was also required to cover the fees and expenses associated with the case.
The case highlights the importance of due diligence and transparent communication in investment dealings. The court's decision underscores its commitment to upholding justice and ensuring that individuals who engage in fraudulent activities are held accountable. The plaintiff was awarded the claimed amount and compensation, reflecting the court's acknowledgment of the financial and emotional damage caused by the defendant's actions.
