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Al Rajaan Investment LLC Gulf Trust General Insurance Co, Amaris Associates, H.H. Sheikh Fahad Al Rajaan, Dr. Hashim Khaldoon Saeed, Mr. Umaru Khaled, Mr. Asif Nassar, Mr. Bashar Abdul Hfeez, Robert Stevens, Elaborate Scam Al Rajaan Investment LLC Manama Other
We were referred to Al Rajaan Investment LLC by a Mr. Ed Clement of MVM Project Funding. We received a Letter of intent and a loan agreement for a construction loan which required credit enhancment. We (suppously) spoke with a Dr. Hashim Khaldoon Saeed and H.H. Sheikh Fahad. We were referred to a Mr. Asif Nassar and Mr. Bashar Abdul Hafeez of Gulf Trust General Insurance by Al Rajaan Investment and assured they had good relations and closed many transactions with Gulf Trust.
Gulf Trust sent Mr. Clement various document, business license and incorporate certificate. (we found out later they were all fake, names had been cut and paste)
We were also sent an invoice from Gulf Trust General detailing the funds need to obtain all the government approvals needed to have the loan approved by the Dubai government and transfer funds.
Al Rajaan give us the name of a Mr. Robert Stevens of Amaris Associates who verified he had closed several transactions with them and also verified he had visited the Gulf Trust office in Dubai and recently closed a transaction. Mr. Stevens showed us wire receipts of the funds regarding a recent transaction.
We wired the funds to a broker (Mr. Rasad of Al Qasar Al Raqi Commercial Brokerage Co. LLC) hired by Al Rajaan Investment to physically obtain all the necessary Dubai government approvals. We were sent a Certification of Endorsement, a Notarization of Investment Contract, a duty stamp, Approval from the Ministry of Finance and Clearance from Dubai Financial Security Authority. The fees were in the hudred of thousands of dollars.
We contacted the Dubai ministry of finance and emailed the documents to them. They verified all the documents were forged (fake) and incorrect and the ministry of finance does not issue such documents. We hired an international investigation firm and discovered that neither Al Rajaan Investment nor Gulf Trust General were ligitimate companies and it was all a scam. We contacted the Dubai police and they also informed us it was a scam.
Although Al Rajaan Investment has a very impressive website and uses the name of actual ligimate UAE businessmen, it is not a ligimate company. They list their address in the Al Moayyed Tower but does not give you a floor or suite number. You can never call them direct. All the phone numbers are prepaid cell phones. If you go to their website it list several portfolo but it does not give one name of a company they funded.
Don't be fooled by these criminals. They pretend to be the ligitimate Sheikh Fahad Al Rajaan and Dr. Hashim K. Saeed. They will take your money and disappear. I have all the documents and emails from the investigators and the Dubai police and the Dubai Ministry of Finance and can prove all that I have written
I would like to see this website takendown and these criminals arrested.
1 Updates & Rebuttals
fan
Alabama,Al Rajaan Investment LLC
#2REBUTTAL Owner of company
Mon, July 18, 2016
Thank you very much for your report! It has saved me of a similar situation. I have the same documents signed, but haven't paid the fee yet! I can send all the files if required. The person who was my contact is Dr. Muhanna Nabil. The rest of the information and all the documents are exactly the same as the previous reported has attached. Please, take their website down and arrest all the scammers!