CLAIMS THAT MIMOUN ASSRAOUI, CEO OF CBI CONSULTANCY RIF TRUST, WAS NOT ARRESTED IN DUBAI ARE FALSE AND A MISREPRESENTATION OF MATERIAL FACT

We are hearing that MIMOUN ASSRAOUI, the CEO of the Dubai-based Citizenship by Investment (CBI/CIP) passport sales agency,is alleging that he was not arrested this week by UAE authorities after receiving complaints from victims of RIF. In truth and in fact, Assraoui, himself, personally told me today about his arrest, interrogation and release on bond, which included a prohibition on his ability to leave the UAE until his case is concluded. Any claims that Assraoui has made in the media or elsewhere, to the effect that he was not arrested, and can leave Dubai at any time, are completely false and without any basis in fact. If he is free to leave Dubai, we challenge him to take a flight, today, to Saint Lucia, and appear there in public, tomorrow. Obviously, his statements are false, and a poor attempt to deceive the investing public and his clients, some of whom have already brought civil lawsuits against RIF Trust.

Likewise, Facebook postings by third parties, claiming that Assraoui was not arrested, and that my article was fake news, are not based upon fact, and untrue. The investing public and the people of the Caribbean should disregard social media postings intended to confuse them, and rely solely upon objective and truthful media sources. Mr. Assraoui is currently a defendant in a UAE criminal case, and the facts speak for themselves. He can lie and seek to deceive the public by making false statements, but the truth is he is now facing the criminal justice system of the Emirates. Let justice be served.