German developer wanted for hotel scam in Dubai

According to the details, investors have provided funds worth Dh123.7 million for the project titled Dubai 1000 Hotel Fonds, a four-star, 1050-room hotel in Dubailand, supposedly one of the largest hotels in the Middle East. The project was due to be completed by 2007. Recker requested a minimum investment of €10,000 from 900 investors in a bid to raise €142 million for the project.

Five years later, however, the project has yet to see the light of the day. Recker still claims that the work on the project is on-going and the delay is because of the lack of infrastructure and facilities in Dubailand. He said the project will reach completion in the next two to three years. Thus, 70 investors are taking legal action against Recker and are being represented by a law firm based in Hamburg.