A Kuwaiti citizen recently approached a police station in the capital, reporting a scam in which he had been deceived by an expatriate. The victim was persuaded to invest a sum of 30,000 dinars in what he believed was a legitimate partnership to import food products. After months of waiting for returns, the citizen discovered that the expatriate had fled the country, leaving him defrauded and with no recourse.

Investigation Underway

The complainant has formally filed a case with the authorities, who have now initiated an investigation into the matter. The police are working closely with relevant agencies to track the expatriate and determine the full extent of the fraud.

How to Protect Yourself from Investment Scams

Investment scams, such as the one reported by the Kuwaiti citizen, are becoming more common. To avoid falling victim to fraudulent schemes, experts recommend thorough research, checking the legitimacy of partnerships, and being cautious of unsolicited investment offers.

Authorities Urged to Strengthen Fraud Prevention Measures

With scams like these on the rise, there are calls for authorities to tighten regulations and provide public awareness on how to identify fraudulent investment opportunities.