Remember the construction company that made a media buzz back in 2009 with the Cedar Island project it was promoting?
Call me naive, but this company, Noor Holding, had everything needed to let you think they’re doing legitimate business. A prestigious office in downtown Beirut, excessive advertising, claims about hundreds of household units being built, a good looking website, a “golden” phone number (01-999999), and a TV station. And at the end it turned out that the whole thing was nothing but a scam with the founder Mohammad Saleh (the man in the above photo) escaping with 5 million dollars! You can read everything about the issue in this article from Al-Akhbar.
I definitely don’t want to be in the shoes of those who have paid down payments for booking apartments with Noor Holding. These people will probably get nothing but news about Mr. Saleh moving from one country to another with their money…