This is no hot property!
Bollywood actor Minissha Lamba says she is shocked to learn about how four Indian men duped a number of investors in UAE, by falsely claiming that she and Hollywood star Tara Reid had invested in a real estate project.entertainment Updated: Feb 06, 2011 01:23 IST
Bollywood actor Minissha Lamba says she is shocked to learn about how four Indian men duped a number of investors in UAE, by falsely claiming that she and Hollywood star Tara Reid had invested in a real estate project.
“I have no plans whatsoever to buy a property in Dubai. I have unnecessarily being dragged into this property scam. I have no clue how someone can do something like this. It is a real sad state of affairs when people are duped out of their hard-earned money like this.”
Notably, UAE businessman Ahmad Al Falasi and 11 other investors had filed a complaint in 2008 that four Indian men allegedly swindled them to the tune of $2.45 million with glamourous claims, involving the actors in Santorini Development, a Greek-style cluster of apartments, villas and hotels on an island in UAE. The men, at a glitzy launch party attended by the media, had claimed that Lamba was hunting for a property on the development and “finalising something very soon”, while Reid was not far behind.
It later turned out that the development was nothing more than 463,321 square feet of barren desert.
Three of the accused — Sanjay Jayantilal Mehta, Naresh Mehta and Ankur Mehta — have now been convicted and sentenced to jail for three years by a criminal court in UAE for seizing money from investors by trickery.
(PTI and HTC)