Times of Oman
Nov 25, 2015 LAST UPDATED AT 07:13 AM GMT
Businessman in the dock for providing false information
January 19, 2014 | 12:00 AM

Muscat: An Omani citizen is facing trial at the Criminal Court of Muscat on charges of  not fulfilling his business deal.

The details of the case dated back when the accused was brokering a deal to buy a plot of land from another citizen for OMR14 million. The investor in this deal was an expatriate. The owner of the plot assured the broker and the investor that his plot is suitable for conducting export and import business. 

After issuing a cheque of OMR14 million in the broker's name, it turned out that the owner of the land plot did not have export and import permit from the Ministry of Transport and Telecommunications.

 As part of the deal, the broker was liable to pay 5 per cent of the total amount of the deal in case of aborting the deal, which amounts to OMR700,00.

Subscribe to our newsletter and be the first to know all the latest news