US fraudster sued for $115m over Qatar deals - report

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Views of Pearl-Qatar

Views of Pearl-Qatar

A former American businessman, wanted in the US on federal fraud charges, is being sued for unpaid loans amounting to around US$115m in relation to a number of failed projects in Qatar, it was reported on Monday.

Abdulla Al Jufairi left the US in 2006 before a federal grand jury issued indictments charging him with defrauding the federal government of around US$26m.

Arriving in the Middle East, Al Jufairi launched a number of projects, including an office block development on The Pearl-Qatar, and managed to attract million of dollars in investment and loans, according to a report by The Detroit News.

According to the report, a British investment house is suing Al Jufairi for US$75m for unpaid loans, while a Kuwaiti investment company is owed around US$40m relating to failed land projects and development deals in Qatar.

One US investor owned money from a failed project in Michigan reportedly pursued Al Jufairi to the UAE and was awarded more than US$650,000 by a Dubai court, the report said.

"His schemes have grown to a grand scale," Donald A. Jordan, an attorney and former associate of Al Jufairi was quoted as saying. Jordan moved to Qatar to work with Al Jufairi on his projects but has since distanced himself from the failed deals.

United Development Company, the developer of The Pearl-Qatar, did not respond to queries from Arabian Business when contacted regarding the case.

Related:

Market Performance

United Development Company
23.12
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Rince

He's a dual national, Qatari and American

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Concerned for stability, Saudi Arabia tightens curbs on dissent

Concerned for stability, Saudi Arabia tightens curbs on dissent

Gulf kingdom intensifies crackdown on domestic dissent, raising...

Saudi dynasty moves to forestall succession crisis

Saudi dynasty moves to forestall succession crisis

Appointment of Prince Muqrin as deputy crown prince is first...

Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams