Questions & Answers
Investigating a company for committing financial fraud
Dear Sir/Madam,
Is there a path to initiate some sort of investigation by relevant authorities on a company that may have committed fraud by falsifying positive P&l reports in order to obtain loans from a bank?
Loans have been used to finance construction projects. The company has in fact been making losses for over six years & directors/owners have used operational cash to finance down payments & repayments, instead of using their own capital.
In the process, they owe millions to suppliers and also 100s of thousands to staff/workers as they have been constantly delaying payment of salaries going back 3 years & not paid full salaries to everyone for 9 months.
They have been showing/submitting financial reports showing losses as proof/reason for their inability to pay. Is there a way to combat this kind of deception/fraud?
Dear Questioner,
What the company's managers did is a kind of fraud way considered a criminal action defying the penal law.
We can definitely help you regarding this issue and present them to justice to get the relevant penalty for what they did.
We will appoint one of our legal experts for checking every single dirham in this company and issue his report in order to register the criminal complaint against them.
Please feel free to contact us on email.
Thank you.
Dear questioner,
This is a clear case of cheating & fraud done by the owners/directors of the company and done only with the intention to cheat the employees, suppliers & banks.
We can help you in this case so that proper justice is done to the employees, suppliers...etc.
Kindly contact us by phone for a detailed discussion or write to us on our email for further assistance.
Hello
Kindly provide me with your phone number and someone from my team will call you to discuss your matter and options moving forward.
Kind regards,
Ludmila
I have the same case, plus what you forget to mention that they get their project financed by submitting the forged financial statement, how they will get a loan if the company is getting losses for the last few years?
If you are an employee, then it is not your duty to chase this point, find a new job for you.
Let's presume that you reported them, they get in jail, you will not get anything to cover your salaries, also you have to pay a lot to us (lawyers) to proof what you are saying.
You said 9 months late salaries, how much will you pay to prove this and then file your case against them?
