Prominent Swiss businessman has assets frozen and warns investors

Award-winning businessman and innovator, Dr Khater Massaad, has warned investors to stay away from Ras Al Khaimah after years of fighting off frivolous Interpol notices, extradition requests and international freezing orders that have no legal basis.

The ruler of Ras Al Khaimah, Sheikh Saud bin Saqr al Qasimi, has asked Bangladesh to freeze the assets of former advisor Dr Khater Massad, and the man behind RAK Ceramics and RAKIA, in an attempt to seize money that simply doesn’t belong to him.

While fighting off frivolous claims, Khater Massaad has taken the opportunity to warn foreign investors of the dangers of doing business in Ras Al Khaimah, UAE.