A MAN has been sentenced to five years in jail for duping a woman out of BD180,000.
The 58-year-old Bahraini businessman pocketed the money given to him by the Bahraini woman for investments in 2016, according to court documents.
However, the defendant, who is at large, was found guilty of fraud and collecting money without a licence by the High Criminal Court yesterday which sentenced him to five years behind bars in absentia.
The defendant was also fined BD100,000 and ordered to return BD180,000 to the victim.
The woman, 43, described how the defendant promised her BD2,500 monthly in profits before she realised he was scamming her.
“I met him in a mall in Muharraq, and handed him BD180,000,” she said in her statement to prosecutors.
Payments
“He told me that I would get my money back in addition to BD2,500 monthly profits.
“He gave me the monthly payments a couple of times before stopping.
“However, I later realised he was scamming me and I never got any money.
“He said that he was going to invest my money in real estate.”
The defendant was found guilty of the charges due to sufficient evidence.
“The businessman took money from people for investments but conned them after paying them small amounts of money,” read the court ruling.
“In this case he took BD180,000 from the victim.
“He does not have a licence to collect money for investments.”
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