‘Convinced over phone’, Indians lose millions as Dubai firm vanishes: ‘Garbage bag, mop remain’

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A brokerage firm with headquarters in Dubai disappeared overnight, taking millions of dirhams in investor funds with it. A black garbage bag and a mop in a bucket are the only things left outside suite 302 of the Capital Golden Tower in Dubai’s Business Bay.

A report in The Khaleej Times claims that Gulf First Commercial Brokers, which occupied the space only a few weeks ago, has since vanished. Up until last month, Gulf First employed about 40 people who were dispersed between suites 302 and 305 of the Capital Golden Tower in the central business…



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‘Convinced over phone’, Indians lose millions as Dubai firm vanishes: ‘Garbage bag, mop remain’


A brokerage firm with headquarters in Dubai disappeared overnight, taking millions of dirhams in investor funds with it. A black garbage bag and a mop in a bucket are the only things left outside suite 302 of the Capital Golden Tower in Dubai’s Business Bay.

A report in The Khaleej Times claims that Gulf First Commercial Brokers, which occupied the space only a few weeks ago, has since vanished. Up until last month, Gulf First employed about 40 people who were dispersed between suites 302 and 305 of the Capital Golden Tower in the central business…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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