remains in their custody for 17 days before the Indian embassy in Beijing intervenes and secures his release. STO Rating may receive monetary compensation from the rated entities for completing the ratings reports available on and/or for listing their projects on International news ­- 24/24 , 7/7 - on i24NEWS in English, French, and Arabic. Black One Music is also in charge of breaking emerging artists into global markets. ESSM Power Control Switch Gears, alone lost Dh1 million. Haul: Dh30 million, 2017: Bright Way Technical Services in DIP and Black Star Electronics in Deira. By the time D.R. who was once key member of EPJ’s team. In rented warehouses. (A driver who was made the CEO of one such firm claims he got Dh5,000 to play along the charade). All rights reserved. They know every loophole in the law and exploit it to the hilt. Scores of traders routinely contact XPRESS before dealing with a firm. Fond of expensive watches, E.P.J. mln of Nigerians choose to read the latest Dj Cuppy lifestyle and other celebrities News with Legit Free News App. Nigeria News provides an easy way to read the latest news from Nigeria . 2015: Returns to favourite hunting ground Dubai and props up S.R Global Trading, but like many times in the past, remains behind the curtains. emerged on the UAE scene and quickly spread their tentacles. Prominent runaway trading firms include Barnabio (Dh10 million), Reliancee (Dh 5million), Explore (Dh15 million), Al Shikha (Dh2 million), Priyanka G.T (Dh1 million) Connex Dh3 million), S.R Global (Dh15 million) Van Der Heide (Dh2 million) Trade Key (Dh2 million) Midwest General Trading (Dh3 million), LMI (Dh500,000), Dyna Trade (Dh400,000) and Bright Way (amount yet to be tabulated). As for today, more than 4!!! If you are accepted into Black One, you have real talent and we think you could be able to do it as a career. 2011: Surfaces in China where he dupes local suppliers out of Dh5.5 million in Yiwu City in Zhejhang province by acting as purchase officer for Euro Global Trading International Limited set up by him with the help of an Indian and Yemeni. These frontmen are flown out of the country before the scam comes to light as are those who are brought to the country on visit visas and given fake business cards. 2014: Steelite Electrical and Mechancial Engineering, Al Ghusais. drives a BMW sedan registered in the name of a firm that deals in computers and office equipment and is located on Khalid Bin Walid Street. After falling out with his UAE-based brothers over a bitter business dispute, M.B. Between them, the duo have executed six of the UAE’s biggest trading scams, including two in the last few days. However D.R’s. 67, Osho drive, olodi apapa lagos Nigeria. The goods, estimated to be worth Dh30 million were sold dirt cheap to third parties for cash. Hi! The impersonators bought everything from home appliances and foodstuffs to construction material and electrical coils against post-paid cheques which eventually bounced. Key gang members are also taken along as a reward for their services. Why was Ahmed Patel such a phenomenon in India? At least 10, including B.E, R.A, I.G, H.I.M., T.G, D.E.E, A.A.D and S.R.H.E The full names of these trading firms have been withheld for legal reasons. But it’s he who calls the shots and make all the purchases — in this case electronic items, cameras, perfumes, vegetable oil, iPhones, construction material worth Dh35 million. It’s not clear whether he is still in prison. It’s a parallel industry that’s more lucrative than drug trafficking, and the three gangs run it like well-oiled machinery. Global’ victims. looks anything like a criminal, much less the wily thug who has pulled off several audacious trading scams worldwide. Chance to avoid Dh50,000 fine, Maradona’s impact in UAE will not be forgotten, Football legend Diego Maradona dies aged 60, Abu Dhabi to be global hub for COVID-19 vaccine supply, UAE National Day: Dh2,000 fine for breaking rules, Filipina helps deliver baby girl on flight from Dubai, Pay Dubai traffic fines in instalments on your phone, Why Abu Dhabi residents will hear a blast in Mina Zayed. You can hear about Legit news app from your friend, ads or find us here, at Google Play. 2004: Opens Christy Fashion garment store in Bur Dubai and cheats several traders by giving them dud cheques against purchases worth thousands of dirhams. Register to read and get full access to, By clicking below to sign up, you're agreeing to our In a recent case it was almost identical to the audit report submitted by another fraudulent firm last year. But now the extremely lucrative trading scams have spawned a tangled network of several splinter groups. You can hear about Legit news app from your friend, ads or find us here, at Google Play. They are led by longtime UAE residents who stay in the shadows, perfecting the game, building smuggling and distribution networks through China, India, Pakistan, Iraq and the Far East, without leaving so much as a fingerprint. Meet Black One. Many are also demanding a law to prevent establishments from buying stolen goods. Privacy Policy. How his identity was stolen and used is a mystery. Anything they can get their hands on, but their top favourites are building material, electronics, stationery items, food stuff, home appliances, industrial equipment, hotel stays and international flight tickets. We are building the ultimate hit and idol artist factory in Europe. Cartoon: Diego Maradona, planet’s best footballer, dead, The story of ARTE, Dubai's handmade market, Abu Dhabi food giant takes liking for a Kuwaiti bakery. The most recent was in February 2016 when he duped 40 UAE businessmen of Dh35 million through the phoney S.R. who flew in around 35 men and women on visit visas, gave them fake business cards and sent them into the market as purchase officers. AUGUST 2016: Salim Electrical Devices (SED), Sharjah: 1 million: A little extra: MUB was arrested by Dubai Police in November 2016. As the final pieces of the puzzle fall into place, the picture that emerges is deeply disturbing. who lives with his two wives and three kids in Ajman. Once one has reached the highest level (Black One) in the offline academy, they are now an “upcoming artist.” Now, instead of training, we shift towards content and music creation. The website could be a cut or copy-and-paste job and the testimonials and credit references could be fake. F.M: Comes on visit, specialises in building material. A little extra: In the wake of D.R.’s detention and subsequent torture by Chinese traders in 2011, the Indian embassy in China issued an advisory warning Indian traders not to do business in Yiwu. The stolen goods are either shipped out of the UAE or resold in the local market by people known as ‘cutters’ in gang parlance. Traders said their main grouse is that the police treats these as bounced cheque cases instead of organised crime. A little extra: E.P.J. Alas, they didn’t know! returned to Dubai, the competition had grown exponentially with three gangs vying for a piece of the pie. An honest no-bullshit guide. The gang’s key lieutenants are: 1. This website stores cookies on your computer. D.R. Around 70 traders were hit when Explore Fareast Marine jointly owned by a Singaporean and an Indian closed their Al Khaleej Centre office in Bur Dubai and disappeared. Combined haul: Dh6 million. STO Rating does not endorse or recommend any of the projects that are rated or listed on It took us almost a year to get to the bottom of it. This site cannot substitute for professional advice and independent factual verification. One of these is led by a Yemeni and another by S.B. and However before he can flee, traders get whiff of the scam and kidnap him. In one case (Sunlink Marine, 2013) it was a mason, in another (Salim Electrical Devices, 2016) it was a driver and in a third, (Steelite Electrical, 2014) an Indian man who had never travelled to the UAE. Libérez-vous, informez-vous, avec VOA Afrique. Your tip-offs saved many from falling for the scam. Until 2010, there was just one gang. By using our services, you agree to our use of cookies, By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments.