Hub of Fools – Greedy traders
In a survey conducted, spreaded over 18 months of efforts it is a shocking revelation that DUBAI has become HUB of INEPT Greedy businessman who can be lured into any SCAM without considerable effort.
Be it import of cars from the Europe & USA, Precious Stones, Diamonds & Gems from India or GOLD from Africa.
In year 2009 over 10 Million US dollars had been swindled from Businesses in UAE alone – Swindlers comes from Europe USA & Indian Subcontinent with Attractive offers of goods, including TOP of the line cars, precious stones and Gold. Offers are made below the ongoing International price tag or in actual set by the OEM.
Dubai traders, assuming their BRIGHT CLEVER NESS with thick credit line available from Banks sometime take trip to verify the stocks. and close the deals. Truth facts comes to light when actual consignments arrive UAE ports. Cars are damaged, not brand new, sometimes Test models were shipped, Gems & stones simply fake, Gold in shape of ONLY DUST.
Reasons unknown, but Dubai has proven to be heaven for CON & SCAM professionals. Nevertheless Dubai businesses have proved time & again as Inept Greedy traders with no international negotiating and business skills.
Read the current story of Fake Gold - HERE