Investor wins BD19,310 after falling for fake project pitch

TDT | Manama

Email: mail@newsofbahrain.com

A civil court has ordered a man in his thirties to repay BD19,310 after persuading a man two decades older to hand over BD27,000 for supposed profit-making projects.

The incident took place in 2022, when the older man was led to believe he was investing in ventures that would yield steady monthly returns.

The promised profits never came. He managed to retrieve a portion of the money before turning to the courts.

Ruling

Lawyer Shaima Mohammed, acting on his behalf, secured a ruling from the High Civil Court.

The court found the defendant liable for the remaining BD19,310.

In parallel criminal proceedings, the man had already been convicted of misusing funds entrusted to him under a power of attorney.

He was sentenced to one year in prison for misappropriation.

Findings

In its ruling, the civil court relied on the findings of the earlier criminal case.

It stated that the BD19,310 had originally been given to the defendant by a third party to pass on to the claimant. Instead, he kept the money.

The defendant had argued that he had already paid BD6,555 and asked for it to be deducted from the total.

Request

The court rejected the request, noting that the claimant had denied receiving any part of the sum being claimed.