The Malta Independent 24 May 2025, Saturday
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Dubai Property scammer gets 30 years

Malta Independent Sunday, 18 June 2006, 00:00 Last update: about 12 years ago

An international property fraudster, who duped investors with fake developments in Dubai and Spain, faces another 30 years in jail.

Maz Akhtar, once hailed as a charismatic property guru, has been convicted by a Dubai court on 30 counts. He is already serving a one-year in jail term after being found guilty last year of deceit and embezzlement.

It was reported Akhtar, a UK national also known as Maz Khan, had defrauded Dubai residents of over £2m. He has also left a trail of multi million pound scams in Ireland, Norway, Malta and Spain.

In Norway, his property marketing company went into liquidation leaving investors with heavy losses. In Ireland, investors complained they lost over £2m in a pyramid selling scam linked to metal and coin dealing.

Wanted internationally, Akhtar was arrested in Dubai in January last year following a high=speed dash to the Abu Dhabi airport in his Ferrari.

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