A man forged his wife's signature and official documentation to seize sole ownership of their Palm Jumeirah apartment, a Dubai court heard.
The Russian citizen, 60, allegedly used the fake signature to grant him power of attorney, which authorised him to issue a new title deed in his name for the property, which was jointly owned by the couple.
Dubai Court Criminal Court was told he also falsified Russian consulate and UAE Ministry of Foreign Affairs stamps as part of the plan.
“We shared ownership of the apartment, but in April 2018 I discovered that my name was no longer on the title deed,” the man's wife, 41, said in evidence.
She was told that she had authorised the power of attorney, which her husband used to change ownership.
When she visited the Russian consulate to make inquiries, she was told that it had not stamped such a document.
On August 14 the same year, she was provided with an official letter from the Russian consulate stating that it had not stamped any power of attorney authorisation documents under her name.
The woman then lodged a report against her husband with police in Dubai.
He was subsequently charged with forgery, use of forged documents and illegally seizing ownership of an apartment.
The man is being prosecuted in his absence.
A verdict will be issued on August 31.
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Premier Futsal 2017 Finals
Al Wasl Football Club; six teams, five-a-side
Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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RESULT
Bayern Munich 0 AC Milan 4
Milan: Kessie (14'), Cutrone (25', 43'), Calhanoglu (85')
