Scam by A Baha’i Company in Dubai

After the passage of 20 months it is established that this company not 
only did not build a single tower/high rise, but didn’t even obtain 
the properties for their construction! 

In an unprecedented scam involving the amount of 2,150 milliard rials 
(which was taken from Iranians who had invested money for the purpose 
of obtaining property in Dubai), a high-rise/tower construction 
development company connected to the Baha’is in the United Arab 
Emirates has committed fraud.

According to reports by [the news agency?] MAWJ (wave), approximately 
20 months ago the company ‘Reliance’, which is connected to two 
Baha’is by the names of Farhang Rahavi and Elham Sabeti, took money 
from Iranians in a pre-sale/‘on plan’ venture capacity, which involved 
60 percent on the sale value [of properties], totalling 724 million 
dirhams (equivalent to 1,950 milliard rials).

With the sale of two [corporate] projects (a German named ‘Solar Star’ 
and the Emirati named ‘Al-Mahara’), this company as well demanded the 
sum of 75 million dirhams (equivalent to 200 milliard Rials) from 
Iranians for the purpose of buying property, and obtained it.

Farhang Rahavi, who is an Iranian national with an American passport, 
then traveled to Dubai with the aim of organizing an association for 
the defense of the misled Baha’i cult. He - who sometime before, due 
to his involvement with other fraudulent ventures, had earlier fled 
Iran - married Elham Sabeti (the former wife of Dr. Mahbubi, i.e. the 
community head of the misled Baha’i cult in Dubai), and with the 
company named ‘Reliance’ entered the real estate property market in 
Dubai.

This company, in pursuit of illegal transactions, then obtained the 
sum of 2,150 milliard rials from Iranians for 22 completed towers/high 
rises with the two German and Emirati [corporate] projects.

It should be mentioned that amongst this collected sum approximately 
1,110 milliard rials (equivalent to 112 million US dollars) has been 
transferred out of the United Arab Emirates and over to the United 
States of America.

The buyers [i.e. investors] are of the opinion that through the agency 
of one individual named Pezhman Riazati, who is also a Baha’i, their 
money was sent out of Iran over to the United Arab Emirates and then 
transferred to the United States.

The defrauded Iranians in seeking redress with the legal courts of the 
Emirates are as yet unsuccessful in obtaining hearings, and moreover 
their cases presently stand in a state of limbo. Some of the bigger 
Iranian real estate companies in Dubai, who likewise had dealt with 
this company in the past, at the present time have also not been able 
to contact the company owners of ‘Reliance’.

A few years ago, in regard to foreign investments and transactions in 
Iran, the Chief Justice of our nation had in some cases specifically 
warned about unknown companies without identity.

http://bahaism-criticisms.blogspot.com/