A Dubai housewife who flaunts her lavish standard of living on social media is being bankrolled by her conman husband who fled the UK after being made bankrupt, MailOnline can present.
Malaikah Raja has better than 1.5 million social media followers and continuously posts videos of her utilizing around in a tag-new pink Mercedes G-Wagon, looking out luxury goods and going for costly beauty therapies.
She claims to procure a mixed month-to-month residing and procuring allowance of shut to £25,000 from her husband Mohammed Maricar, plus one other £160,000 month-to-month from him for payments on a sequence of properties she owns.
The couple live in a £2million luxury home in an weird and wonderful gated neighborhood in Dubai which they no longer too long ago sold.
However a darker facet to how Mr Maricar made his money can now be published ahead of the couple establishing home in the Gulf country and playing untold riches.
In March 2021 he became as soon as fined by the Excessive Court in London for unlawfully offering funding advice by strategy of his 24HR Buying and selling Academy company which left its possibilities a complete bunch of thousands of pounds out of pocket.
The court chanced on that his company equipped advice for a price to patrons on when to aquire shares, commodities and foreign currencies by strategy of WhatsApp, which it became as soon as no longer allowed to as it became as soon as no longer celebrated by the Monetary Conduct Authority (FCA).
Mr Maricar became as soon as ordered to pay £530,000, which became as soon as to be distributed among his possibilities.
Dubai housewife Malaikah Raja, who flaunts her lavish standard of living on social media, is bankrolled by conman husband Mohammed Maricar who fled the UK after being made bankrupt
Ms Raja continuously posts videos of her utilizing around in a tag-new pink Mercedes G-Wagon
The couple maintain two children; a two-Twelve months-vulnerable boy (pictured) and a baby girl born closing week
However he failed to pay the sum leading to him being declared bankrupt in August 2022 after complaints were introduced in opposition to him by the FCA.
However by September 2022 the first charge receiver became as soon as perfect in a space to procure better beautiful over £106,000, whereby time Mr Maricar had left the UK and relocated to Dubai.
His Instagram profile unearths that he light enjoys 143,000 followers and describes himself as an ‘entrepreneur’ and ‘dealer/mentor.’
His profile states: ‘When you are in discovering out easy the scheme to web money with shopping and selling, explore my FREE 1hr Buying and selling Webinar.’
It’s accompanied by a hyperlink to the webinar which takes customers to a page declaring: ‘I can stammer that it is a long way imaginable to create $200-$2,000/day Working less than 90 minutes/day.’
In her Instagram profile, Ms Raja describes herself as a ‘Buying and selling Mentor & Educator’ and furthermore urges followers to register for a free 25-minute webinar.
However she furthermore overtly brags about her luxurious life courtesy of her husband’s generosity.
In one TikTok video, which opens with her getting into her pink G-Wagon she offers a breakdown of the month-to-month allowances he affords her.
The mum-of-two claims to procure a month-to-month residing and procuring allowance of £25,000
She furthermore receives one other £160,000 month-to-month for payments on properties she owns
The couple live in a £2million luxury home in an weird and wonderful gated neighborhood in Dubai which they no longer too long ago sold. Pictured: Ms Raja with her luxury pink Mercedes G-Wagon
Ms Raja adds that for no longer unusual food and date nights, her price range is ‘entirely unlimited’ because ‘my husband wants me to keep on weight’
Whereas Ms Raja lives a lifetime of luxury, Mr Maricar became as soon as fined by the Excessive Court in 2021 for unlawfully offering funding advice by strategy of his 24HR Buying and selling Academy company
Ms Raja has overtly boasted that she spends £12,000 a month on luxury and dressmaker goods
This entails: shut to £4,000 for no longer unusual procuring; £12,000 for luxury and dressmaker goods procuring; £160,000 for retaining properties she owns; £800 for massages and £8,000 for makeup, skin care and hair and skin therapies.
Ms Raja adds that for no longer unusual food and date nights, her price range is ‘entirely unlimited’ because ‘my husband wants me to keep on weight.’
Irrespective of being declared bankrupt in the UK, one video furthermore confirmed the couple on a procuring trudge for luxury goods correct by strategy of a consult with to London.
Ms Rajah and Mr Maricar consult with a Hermes retailer, the keep she buys two pairs of sandals after which hit a Dior boutique for purses, for which she unearths, she has an ‘unlimited price range.’
The couple maintain two children; a two-Twelve months-vulnerable boy and a baby girl, who became as soon as born closing week.
In her most modern video, Ms Rajah films the household’s slide to a lavish villa, which price an estimated £2 million and is determined in landscaped backyard with its have swimming pool.
In it she unearths that the couple had a customised-made marble eating desk made for their new home and motion images workers bringing in curtains, sofas and varied furniture.
Following the Excessive Court listening to in March 2021 when Mr Maricar became as soon as fined, Impress Steward, govt director of enforcement and market oversight on the FCA mentioned: ‘Neither 24HR Buying and selling nor Mr Maricar were celebrated to supply funding advice which, on this case, incorporated sending shopping and selling indicators by strategy of social media and their behavior risked mighty losses for possibilities.
The FCA mentioned beautiful over £106,000 had been recovered from Mr Maricar despite the actual fact that he had been ordered to pay £530,000 to disgruntled possibilities
In her Instagram profile, Ms Raja describes herself as a ‘Buying and selling Mentor & Educator’ and furthermore urges followers to register for a free 25-minute webinar
Irrespective of being declared bankrupt in the UK, one video furthermore confirmed the couple on a procuring trudge for luxury goods correct by strategy of a consult with to London
Mr Maricar, who became as soon as ordered to pay £530,000 before leaving for Dubai, exhibits off his Rolex
‘We high-tail patrons to procure determined that they are coping with FCA celebrated corporations when seeking funding advice, including affords to manufacture tricks or indicators by strategy of social media apps, and to keep certain of unauthorised operators adore 24HR Buying and selling and Mr Maricar.’
Following news that beautiful over £106,000 had been recovered from him despite the actual fact that he had been ordered to pay £530,000 to disgruntled possibilities, the FCA mentioned: ‘The FCA has taken an scheme to procure determined that as noteworthy money is recovered for traders as imaginable.
‘With this direction of now complete, the FCA doesn’t question additional funds to be recovered.’
Mr Maricar has been contacted for say.
