Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 1 of 1
  1. #1
    Moderator Moderator
    Join Date
    Oct 2006
    Feedback Score
    Thanked 16,455 Times in 10,096 Posts

    Default Agent sued over sale of Iraqi currency

    Agent sued over sale of Iraqi currency

    An 80-year-old man has sued a foreign currency agent who he says tricked him into purchasing Iraqi currency as an investment, knowing that it would be extremely difficult to exchange into Japanese yen, his lawyer said Tuesday. The man bought the Iraqi currency, dinar, to the value of 920,000 yen last year from the Tokyo agent, who told him the currency would eventually appreciate, according to the complaint filed with the Otsu District Court. The man asked the agent to cancel the deal earlier this month, but was turned down, the complaint said.

    The plaintiff said in the complaint he was deceived by the agent as there were no grounds for the dinar to rise in value in the future, while the agent declined to comment on the lawsuit. The National Consumer Affairs Center of Japan said the dinar is difficult to convert to Japanese yen because few banks in Japan handle it, and that it has received a total of 137 complaints from consumers since last August concerning sales of the currency.

  2. The Following 3 Users Say Thank You to Seaview For This Useful Post:

  3. Sponsored Links
  4. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Share |