Breaking Headline

Property fraud in Jeddah

Published June 18th, 2006 - 07:27 GMT
Al Bawaba
Al Bawaba

Saudi police are presently searching for a Jeddah-based property agent who cheated several people of a total sum of SR3 million, Al-Watan daily reported Saturday. The real estate agent, who advertized in newspapers about his real estate service to help people pay for their homes in easy installments, reportedly collected SR3 million, from nine Saudi buyers to pay to nine villa owners.

 

After signing the documents, the property agent cheated the sellers of the villas by giving them bad checks.