A local businessman has been accused of embezzling US$36 million (Dh132.2m) by a group of investors planning a class-action lawsuit in Italy.
The case is a complex financial puzzle that stretches from the British Virgin Islands through Europe to the UAE. The Italian investors do not know what happened, only that they lost their life savings.
"I feel that it won't come back, this money," said Paolo Pasquini, 44, a father from Tuscany who lost €50,000 (Dh230,000). "Nobody will help us."
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