Al Barakah, a property development company with more than a dozen projects in Dubai and Ajman yet to get off the ground, has told investors it is insolvent.
Lawyers acting for the company told the investors at a specially convened meeting last week that the company had at least Dh400 million of unsecured liabilities.
Investors said later they were disappointed that the company’s chief executive, Shariq Imran Khan, did not attend the meeting.
the dubai goverment is courpted with all the shaiks,dubai is the bullshit country, dubai govt doesnot know how to run the country, now they dont know how to solve the problam,all the devoloper has fled away with our money,like,albarkah imran khan, almasaha,andaleeb,and thousands of others,bullshit country, there is no law, land department in dubai and ajman corupted, i have bad experance with dubai,i pray that those shaikhs in dubai ajman go to hell,inshallaha.
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