Investors in limbo after firm in Dubai stops profit payouts | GulfNews.com:
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- Image Credit: Ahmed Ramzan/Gulf News
- A group of investors of MMA Forex gather in front of the office of MMA Bank GT to demand that the company return their hundreds of thousands of dollars worth of investments.
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Scores of foreign exchange (forex) investors in the country are in financial limbo after the unexpected closure of a Dubai forex trading company where they invested millions of dirhams.
Around 30 investors of MMA Forex Online Trading Services trooped to the Mai Tower in Al Qusais on Saturday, demanding that the company return their money.
A sign that read “under renovation” was posted on the door of MMA Forex on the 11th floor. The building’s security told Gulf News that Dubai Police’s Criminal Investigation Department (CID) shut down the office six months ago based on fraud allegations."
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