General Travel News

German developer wanted for hotel scam in Dubai

April 1- German authorities are looking for German national Georg Recker for a multi-million Euro fraud in connection with a hotel project in Dubai that was never built. Recker’s arrest warrant was issued in November last year by a court in Dortmund, Germany. Recker himself is said to be hiding in Dubai.

According to the details, investors have provided funds worth Dh123.7 million for the project titled Dubai 1000 Hotel Fonds, a four-star, 1050-room hotel in Dubailand, supposedly one of the largest hotels in the Middle East. The project was due to be completed by 2007. Recker requested a minimum investment of €10,000 from 900 investors in a bid to raise €142 million for the project. 

Five years later, however, the project has yet to see the light of the day. Recker still claims that the work on the project is on-going and the delay is because of the lack of infrastructure and facilities in Dubailand. He said the project will reach completion in the next two to three years. Thus, 70 investors are taking legal action against Recker and are being represented by a law firm based in Hamburg.

 

More General Travel News
Saudi Arabian Airlines wins best stand design award at Arabian Travel Market 2022
flydubai to operate some flights from Dubai World Central during runway refurbishment project at Dubai International
South Korea Pavilion among top five at Expo 2020 Dubai
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Cave of the Seven Sleepers

Cave of the Seven Sleepers

Amman, Jordan

In the year 250AD, Christians throughout the Roman empire were being persecuted.  According to legend, seven men were accused of accepting Christianity.  Rather than fighting the charges, they donated all their worldly possessions and retreated to a cave to pray.  The men fell asleep, and Roman authorities sealed the entrance. Two hundred years later, long after Christianity be...

Cours Saleya

Cours Saleya

Nice, France

This is a favorite location for the locals of Nice to come and relax and is one of the most famous market places in the city. It is a pedestrian zone with cafes and restaurants lining both sides of the street. There is a flower and fruits and vegetables market here every Tuesday to Sunday. On Mondays, an antiques fair is held at this venue and during the summer you can visit an arts and crafts m...

Blue Mosque

Blue Mosque

Istanbul, Turkey

The Blue Mosque (aka the Sultanahmet Mosque) is a defining part of Istanbul.  It was built in the 17th century by Sultan Ahmed I to ease the pain of a string of military defeats in Persia.  Whereas past imperial mosques were paid for with the spoils of war, the Blue Mosque was built with money borrowed from the treasury.  Construction began in 1606 and was completed in 1616. ...

Hofburg Imperial Palace

Hofburg Imperial Palace

Vienna, Austria

Has housed a lot of the people influential in Austrian history, including the Habsburg dynasty, and is currently the official residence of the President of Austria. Contains, among other interesting spots, chapels (Hofkapelle, Hofmusikkapelle, Burgkapelle), museums (the Naturhistorisches Museum & Kunsthistorisches Museum), the Imperial Library, state treasury, the national theatre(Burgtheater)...