Founder Promoter Allegedly took 10 percent Cut for Every deal including Royalty paid to Singapore Hotel Chain More

Investigation against major Indian business tycoons

At least four members of an Indian business family settled in a Gulf country (Oman) are facing high level investigation for allegedly cheating some influential people. According to reliable sources, four members of a north Indian business family who have the citizenship of the host country are under the custody of investigative agencies for allegedly cheating and money swindling from major projects, including a hotel project. More

CBO Examines bank's exposure to Construction Group' headed by NRK Tycoon

DUBAI - The Central Bank of Oman (CBO) which regulates the banking sector in Oman has advised all leading commercial banks to report their total credit exposure to a diversified Construction Company with operations in Oman, Qatar, Brunai, India and other Gulf countries. The company is headed by a prominent Non Resident Keralaite businessman with strong political contacts . The CBO advise came as a precaution to prevent the recurrance of earlier bank frauds precipitated by the Ali Redha Group, a trading company which dupedvarious banks to the tune of 50 million Rials. Some cheques issued by the Construction group bounced and the apex bank started a due diligence procedure to prevent the reurrance of Ali Redha episode. More Crime Stories

Fake Labour Inspects cause problem of Indian Workers

Bogus labour inspectors who stop workers in the streets and other public places to rob them are becoming a common problem in the Gulf region. Keralamonitor.com reported a month back that fake labour officers have been creating problem for Indian shop owners in different parts of Oman. According to the latest reports from Bahrain, several such incidents have occurred there. More