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Old 24th Feb 2015, 06:19
  #64 (permalink)  
harry the cod
 
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Your initial post I agree with, mostly.

However, unlike some of the other 'investment' schemes you mentioned, PC was slightly different in that it was registered through a fully recognised and legal structure. F1 wasn't, neither was Hampstead and Mayfair. Some of these schemes were offering 30% return in 6 months. That in itself should have been a red flag. The major difference with PC was the capital investment was protected, done through the DIFC system which is advertised globally to facilitate trust and therefore building further investments within Dubai from established Companies Worldwide. Those that did invest placed trust in this system. Was that so wrong? It's failure to do as advertised demonstrated that the trust was misplaced and that even the most watertight and regulated legal framework is worth nothing in the UAE if the wrong person is at the head of the food chain. Those investors learnt the hard way, others now need to be made aware.

The other difference is that Peter Margetts (Owner of H&M)was sent to jail. He's still there. He should be sharing a cell with Lootah. The justice system within the UAE is not as fair as some would like to believe.

As for Nikita being banned, good riddance. I'm all for differing viewpoints but she was being deliberately argumentative and hijacked this thread for spouting her own distorted ideological benefit. For her supporters, let her start her own thread and feel free to debate to your hearts content.

Harry
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