‘Convinced over phone’, Indians lose millions as Dubai firm vanishes: ‘Garbage bag, mop remain’

A brokerage firm with headquarters in Dubai disappeared overnight, taking millions of dirhams in investor funds with it. A black garbage bag and a mop in a bucket are the only things left outside suite 302 of the Capital Golden Tower in Dubai’s Business Bay.

A report in The Khaleej Times claims that Gulf First Commercial Brokers, which occupied the space only a few weeks ago, has since vanished. Up until last month, Gulf First employed about 40 people who were dispersed between suites 302 and 305 of the Capital Golden Tower in the central business…