Khater Massaad Arrest

Khater Massaad and former senior officer of RAKIA has been sentenced by court for defrauding govt. of RAK, according to the available reports. Khater Massaad accused of stealing $1.5billion (Dh5.5) while working for govt. of RAK but he fled the country when questions about his fund and business activity arose that’s why he taken into the custody in Saudi Arabia. Con-artist Massaad holds Swiss citizenship and four other citizenship and has business interest in several countries including Lebanon and Saudi Arabia which shows he is polished and cunning scammer who gain trust so he can make some big money and use it for his personal own group known as Khater Massaad Group (KMG). There are some more people who may be involved with embezzler Khater Massaad in fraud and in other criminal activity. Khater was also accused for diversion of public funds in relation to a sea port project in Georgia.