250 20’ containers disappear from Dubai warehouse
The past few weeks have seen numerous rice exporters from India duped to the tune of AED15.38 million.
According to a report in Gulf News, owner, Robin Gupta, and the entire staff of Dubai’s Al Rawnaq Al Thahbhi General Trading have disappeared after ordering 6,000 tonnes of rice from 20 odd exporters in India between March and April this year.
Robin Gupta and his assisitant Shaikh Tariq Awais used to present themselves as a multi-millionaires and claimed to own a string of businesses, including a travel firm and a company called Bahar Al Foodstuff Trading against which Telex Transfer receipts were issued.
They gave the impression that once the rice consignments arrived in Dubai they would re-exported to various GCC countries.
After receiving initial payments of AED 1.5 million the Indian exporters were isued TT receipts issued by a local exchange for the balance consignments.
Once the containers arrived in Dubai the rice (and containers) were quickly disposed off by Gupta and his associates at throw away prices. All this happened very quickly before the cheques could be presented at the exchange.
When the cheques issued against the TTs were presented they were dishonoured and exporters were left holding worthless TT advices.
Many of these traders and exporters have been camping in Dubai for the last two weeks - some of them even overstaying their visas.