Your browser is ancient! Upgrade to a different browser or install Google Chrome Frame to experience this site. A weekly motoring magazine packed with the latest local and global motoring news, reviews and views. Even as Noureed Malik Awan, the beleaguered CEO of the parent MMA Group, tries to wash his hands of the online foreign exchange trading company facing suspicions of fraud, several blame him directly for their misfortunes. An estimated Dh40 million is believed to have been paid by hundreds of investors — from different walks of life and nationalities — into the accounts of MMA Forex and a majority fear all the money has been lost for good. Shattered trust We are one of the victims of the MMA fraud. My wife and I invested in the scheme last year. I am still hoping that we get our investment back. I have yet to lodge a complaint with the authorities against MMA, but I know some clients who have already complained to the authorities nine months back, but there has been no progress as yet. Sometime back, I sent an email to Noureed Malik Awan and within a few minutes I got a reply from him. I would like to share the details. Pak MMA is working properly and making money. The only problem is that the profit will be released once the investigation is over as our UAE account is locked and all our funds are in Switzerland and USA. As facebook as investigations finish we will release your profit and thanks for your trust in MMA. Name withheld, UAE Attracted by returns I am a Dubai-born Pakistani and recently took up a job at a motor company here. Last year our whole family, except for my brother, moved to Pakistan due to financial reasons. My brother had taken a few bank loans and was looking out for a source of income to help him solve his financial problems. He then came across MMA. He just received two payments from them when he lost his job. But while seeking employment, one of forex banks filed a case against him for defaulting on his payments. My brother tried to contact MMA several times and they kept on telling him that he will get his money, but nothing happened. I just want to make other people aware facebook to fall for such schemes. But I was fully convinced that there was something amiss when MMA CEO Noureed Malik Awan, under the banner of MMA Forex, started sponsoring cricket matches and throwing lavish parties in five-star hotels. I deeply regret investing in MMA. Financially I am going through a difficult forex. My father who was suffering from cancer died in March and I was in need forex money then. I had called up MMA umpteen times to get some money back, but they did not respond. I would like to warn other people not to fall for such schemes. Name withheld, UAE Lured by commercial I am one of those who was cheated by MMA scheme. I think the authorities should keep a check on ads in newspapers and radio and probe companies if they have any doubts about their dealings. I was driving in my car when I heard an MMA Forex ad on the radio. Initially, I started receiving paybacks from them, but that stopped soon. When I called MMA to check about it, they told me that their boss was behind bars and all complaints would be looked into only after he is released from jail. Whenever I call them, they give me silly excuses. Please help us to get our money back from these gangsters. Initially, I invested Dh3, and very soon I started getting paybacks from them. Attracted by the returns, I put my entire savings in the scheme. My salary is only Dh5, and now I am having difficulty sending money back home to support my family. I feel ashamed to call Awan a countryman. People like him have no principles in life. I have not complained until now because I fear I will never see my money again. Whenever I called mma they gave me a different story. I had invested in MMA hoping to use it later for mma wedding. I am now getting married in December and desperately need money for my wedding expenses. I am not interested in any profits, I just want my money back. I received one payment from facebook in December the same year. But after that Noureed Malik Awan who is now behind bars fled to Pakistan. Following this, many investors filed complaints with the police. Consequently, the MMA Forex office in Dubai was sealed by the police. Facebook during this period, we kept on receiving SMSes and emails from Awan telling us to be patient and not to complain to the police as this would only delay the process of getting our money back. Moreover, he also mentioned in his message that he would pay us the pending profits in February In Januarythe MMA office in Dubai was reopened. The staff there told us that the pending amount would be distributed in February. It is September now and we have yet to receive a single fils from MMA. Name withheld, UAE People are responsible I hold the public responsible for getting cheated. Have they forgotten the scams that took place during the economical downturn? Greed is what makes them invest in such quick-rich schemes. There will be always be companies such as MMA benefitting from such people. Name withheld, UAE MMA copies speech I came across a speech by the managing director of MMA Airlines which was copied from another speech given by an official of another airline. Only a few lines are different. I just want to prove to you their crooked methods of operation. Daljeet Singh Bagga, Dubai Original speech: On behalf of Biman Bangladesh Airlines, the national flag carrier of my country, I extend my heartiest welcome to you. We feel proud that you have preferred us to travel to your destination which may be one of the 19 cities across two continents that Biman serves. Wherever you are going, we have taken every possible measure to make this flight comfortable and pleasurable. We take the greatest care to give you a taste of our age-old traditional hospitality of Bangladesh. We are aware that understanding the customer is most basic factor in increasing customer satisfaction and loyalty. We are in the web since and has now engineered another revolution to add a new window of passenger service. Biman now offers a Flexible Price Viewing System through this website. To read the original full speech go to: We feel proud that you have preferred us to travel to your destinations that MMA serves. We take the greatest care to give you a taste of our age hospitality. Despite difficult times for the worldwide aviation industry, MMA Airline is steadily improving its product and services. Our strides in growth, development and transformation have placed their stamp on the past couple of months. Guests travelling on MMA Airline route network now will have more choices and flexibilities as a result of additional frequencies. We owe a debt of gratitude to those that have stayed by our side and given their trust and support on their upcoming journey. As always, on behalf of all employees of MMA Airlines and myself, thank you very much for choosing to fly with us. We look forward to welcoming you on board soon. Enter a valid phone number. 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Please login first to post a comment. I acknowledged and accepted gulfnews. Each Vote Counts, Even Dislikes! For Liking This Content. The fact that such a situation has arisen would leave uncertainty in the minds of potential investors. We cannot afford for such forgery to go unpunished. Let us make this an example for the world to acknowledge that investor protection isadequate and at par with world-class standards. Upon reading these news, I checked the website and its still active. I even tried to book and bookig process still working, how come the no authorties don't stop the website? Hope this is eye opener for millions of expatriates who look for easy money. There is no substitute for hard work and earning money thru legal means. It is the responsibility of mma radio station airing the ad to thoroughly investigate the company before the commercial goes on air. Radio stations have to check the trade licences and double check with the issuing authority if the company is legit or not. This man should be severely punishedthats it. Everyone is complaining now, when they were getting the returns, all was good. You gotta work hard forex your money people. Greed and quick cash will bring you only another MMA Forex. I find this really funny, It just goes to show not all rich people are smart people and not mma people who claim to be successful are telling the truth. I myself came across an individual who invited me for similar thing. The authorities shoudl have knowledge about this types of business. Too much greed is never good. This is an excellent opportunity for the authorites forex ensure that such fraudsters keep away from tarnishing the image of the country. Three horrific accidents, many hard lessons. WhatsApp video, voice calls blocked again. The UAE has officially hit 50 degrees. Attacked for 'wearing shorts in Ramadan'. 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Brian Dominic Tellis Sep 19, Drax Sep 19, Raghu Kulkarni Sep 19, 9: Faheem Manzoor Ahmed Sep 19, 8: Mohammed Sep 19, 3: Nasir Ahmed Sep 19, Ali Sep 18, forex More from Xpress 71 salons, spas for you at Dubai airport. Latest Comment This is an excellent opportunity for the authorites to ensure that such fraudsters keep away from tarnishing the facebook of the forex. Brian Dominic Tellis 19 September Also In Xpress 71 salons, spas for you at Dubai airport. Framed Gallery Superheroes save Thai temples Look inside bizarre baby jumping festival. GNTV Videos Play Watch: US national takes top prize at DIHQA World Yoga Day in Dubai. Play World Yoga Day in Dubai Jun 21, Dubai volunteers pack school kits for Syria Jun 18, US national takes top prize at DIHQA Jun 22, Forest fire in Pedrogao Grande photos Jun 18, Massive fire engulfs London apartment block Jun 14, Xpress Poll What is the longest break you have had from work? What is the longest break you have facebook from work? 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FOREX IS A SCAM - WHY TRADERS LOSE MILLIONS TRADING FOREX AND USING WEALTH GENERATORS
FOREX IS A SCAM - WHY TRADERS LOSE MILLIONS TRADING FOREX AND USING WEALTH GENERATORS
The Texas Water Commission later complained, and FBI accepted responsibility for the cleanup. 2,000 gallons spread in a one-inch layer will make a pool a hundred ten feet in diameter.
When Vianne Rocher receives a letter from beyond the grave, she has no choice but to follow the wind that blows her back to Lansquenet, the village in which eight years ago, she opened up a chocolate shop.
Tybalt bears a grudge against Romeo from the time he comes to the ball.
The Texas Water Commission later complained, and FBI accepted responsibility for the cleanup. 2,000 gallons spread in a one-inch layer will make a pool a hundred ten feet in diameter.
When Vianne Rocher receives a letter from beyond the grave, she has no choice but to follow the wind that blows her back to Lansquenet, the village in which eight years ago, she opened up a chocolate shop.
As Gotenks is about to finish Super Buu after a lengthy battle, he reverts to his base form and quickly defuses.