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Report: #649888

Complaint Review: Farooq Funding Foundation - Riyadh Internet

  • Submitted:
  • Updated:
  • Reported By: Lloyds Manhattan Corp — Mayfield Kentucky United Kingdom
  • Author Not Confirmed What's this?
  • Why?
  • Farooq Funding Foundation Dana Compound, Khurais Road, PO Box 6132 Internet United States of America

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We were offered a Business Loan of $5.5 Million - told straight away to deal with Anthono Maka who was the Chief Financial officer of the Foundation. We were sent an agreement which was to be signed in Dubai. Part of the agreement was for us to source a surety bond and it was agreed we would pay the bond from the loan within 48 hours of funds being paid to us.  We were then told we had to use a company in Dubai who would provide the bond but the letter from this company said we had to use an agent called Kelvin Anene and that the agent would need a $12,800 fee paid in advance - we were given details for wire to Account *********3601 Emirates Bank Dubai Swift Code EBILAEAD. 

We refused and said we would not pay an agent in advance as we were unable to verify the company who said they would supply the bond; company being Al Alhia so called Bonding Giants in the Middle East - Al Ain Builiding, Al Khaleej Street, PO Box 3541 Opposite Hyatt Regency, Deira, Dubai. The letter they sent to us had to phone number, fax number or email on it. We then had a call from Anthono Maka asking us to sent the fees to Kelvin Anene we told him we would not but if we travelled to Dubai to sign contracts we could solve that when there. Mr Maka then told us to find our own bond, which we did from a USA company. My colleague then flew to Dubai to meet Dr Farouq and he thought it was all genuine with large offices swanky cars etc. He signed the contarct with Dr Farouq who said he had no concerns who bonded the loan and my colleague left Dubai with a signed contract and assurances funds would be wired within 3-4 days.

Mr Maka than contacted us 2 days later and said that Emirates Bank could not transfer the funds as they required a "middle east' bond. We there then told to use a company called Negla in Abu Dhabi who had already been primed to sort the bond out this comany being www.negla.ae.org. It hosts a rather pathetic website yet suggests it has a global agency set up. We were aksed to send to them our company articles and registration info. I then asked the company to tell us their company registration and if acting as an insurance entity their registration and also list their offices in either UK or USA. They refused to do so and got aggresive with us and have now stopped emailing us. I have checked with the Abu Dhabi Government and they have no record of a company called Negla being registered there. Dr Farouq and Mr Maka also do not now reply to emails - this clearly was a scam to try and get advance fees from us.

This report was posted on Ripoff Report on 10/12/2010 02:35 AM and is a permanent record located here: https://www.ripoffreport.com/reports/farooq-funding-foundation/internet/farooq-funding-foundation-farouq-omar-bin-abdul-aziz-president-ceo-scam-loan-offer-i-649888. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
2Author
2Consumer
0Employee/Owner

#4 Consumer Comment

Abdul Aziz & Tawfiq Al-Moayyed = SCAM & FRAUD

AUTHOR: GS - ()

POSTED: Wednesday, May 29, 2013

Abdul Aziz tried to scam me too, won't provide any proof of funds etc....

"we are looking viable project that we can fund as a debt finance at 4%...

ABDUL  AZIZ and TAWFIQALMOADGROUP is a scam artist, fraud and should be avoided at all costs.

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#3 Author of original report

Negla Surety

AUTHOR: jdbrown97 - (United Kingdom)

POSTED: Friday, October 29, 2010

The only way they could know me as John Brown of Lloyds Manhattan is if they were in email contact with our company - as my full name is not on this website. They seek to say no knowledge of this but this proves they were in email contact with me - anyone who asks me to verify this scam company will be sent copies of the emails they sent to our company.

If this is a real company yet again they have failed to give a compnay number and an insurance licence reference - they are just scammers as any legitimate company would suplly this info freely

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#2 UPDATE Employee

Negla Surety is not associated with John Brown or Farooq Funding Foundation.

AUTHOR: Negla - (United Arab Emirates)

POSTED: Saturday, October 23, 2010
John Brown Lloyds Manhattan Corp. He has includes our company name (Negla Surety and Mr. kelvin Anene an authorize surety dealer) in his report against Farooq Funding Foundation Kingdom of Saudi Arabai whom we do not know about.  Internet

The comment on our website {Negla Surety} by the so called Lloyds Manhattan Corp is a calculated attempt to destroy the reputation of our legitimate organization. We of the Negla Surety Has not in any period of time had any recorded transactions with the former that we could remember, so we are using this medium to state our stand to all our shareholders that we are not involved with the later as our quarterly annual report is liable for verification.

We suppose you ignore the hand work of business saboteurs and continue your partnership with us as your fund is insured.  And we pledge to serve you better always.
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#1 Author of original report

Farooq Funding Foundation Saudia Arabia - Negla Surety, Anthon Maka, Al Alhia Bonding Giants

AUTHOR: jdbrown97 - (United Kingdom)

POSTED: Wednesday, October 13, 2010

We were offered a Business Loan of $5.5 Million from this Foundation who say they are located in Saudi Arabia - we were told straight away by Dr Farouq to deal with Anthono Maka who we were told was the Chief Financial officer of the Foundation. We were then sent an agreement which was to be signed in Dubai. Part of the agreement was for us to source a surety bond and it was agreed in the agreement that we would pay the bond from the loan within 48 hours of funds being paid to us.  We were then told by Mr Maka that we had to use a company in Dubai who would provide the bond, but the letter from this company said we had to use an agent called Kelvin Anene and that the agent would need a $12,800 fee paid in advance - we were then sent an email with a letter head from this Kelvin Anene giving details to wire this fee to Account *********3601 Emirates Bank, Dubai, Swift Code EBILAEAD.  We refused and said we would not pay an agent in advance as we were unable to verify the company who said they would supply the bond; this company being Al Alhia; so called "Bonding Giants in the Middle East" - Al Ain Builiding, Al Khaleej Street, PO Box 3541 Opposite Hyatt Regency, Deira, Dubai. The letter they sent to us had NO phone number, fax number or email on it. On a google search we found that this was the office address for a company called Al Ain Alhia who trade as Al Ain Insurance (NOT Al Alhia), who had a head office in Abu Dhabi. We made enquiries with Al Ain Alhia in Abu Dhabi and they said this was nothing to do with their company. So straight away we had questions why is a company with a similar name and with no contact details giving the address of another company. We then had a call from Anthono Maka asking us to send the fees to Kelvin Anene we told him we would not but if we travelled to Dubai to sign contracts we could solve the bond issue when there. Mr Maka then told us to find our own bond, which we did from a USA company. My colleague then flew to Dubai to meet Dr Farouq and his advisors and he thought it was all genuine with large offices, swanky cars etc. He signed the contarct with Dr Farouq who said to my collegaue that he had no concerns who bonded the loan and my colleague left Dubai with a signed contract and assurances that the funds would be wired within 3-4 days. Mr Maka than contacted us 2 days later and said that Emirates Bank could not transfer the funds as they required a "middle east' bond. We there then told by Mr Maka to use a company called Negla Surety in Abu Dhabi who he said had already been primed to sort the bond out this comany being www.negla.ae.org . It hosts a rather pathetic website yet suggests it has a global agency set up. We were asked by them to send our company articles and registration info. I did this and asked the company to tell us their company registration and if acting as an insurance entity also supply their registration number and also list their offices in either UK or USA. They refused to do so and got aggresive with us and have questioned our right to ask such questions and have now stopped emailing us. I have checked with the Abu Dhabi Government and they have no record of a company called Negla being registered there. Dr Farouq and Mr Maka also do not now reply to emails apart from Mr Maka asking :"why are we making things difficult and suggesting it is disrespectful to ask such questions to a big company" - this clearly appears to simply be a scam to try and get advance fees from us by using so called bonding agents that cannot be verified and as far as we can establish are not genuine.

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