Dubai’s misdemeanor and violations court acquitted an Arab investor of the charge of fraud on Gulf and seizing 200 thousand dirhams, and 79 thousand dollars, in exchange for a partnership in establishing an institution for digital currency trading, and also ruled to refer the civil lawsuit to the competent court to adjudicate it. According to the case file, the reporter “Gulf” submitted a report accusing the investor of fraud and seizing his money, explaining that they were agreed between them on an initial partnership of 200 thousand dirhams, which was transferred to the accused through a bank transfer. He added that he delivered the accused another 79 thousand dollars, with the aim of increasing the company’s capital and achieving agreed profits by 2%, but the accused did not start the procedures for registering the company, closing his phone and refusing
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