[samar]

I have invested in Jumeirah Village knowing that the developer has an ESCROW account, but developer asked me to pay into a currency exchange in UK, this exchange company is supposed to transfer money to relevant ESCROW account but I do not get any receipt by the Developer or any statement from the Bank. All I get is a receipt which says that " you money has been received by ACW Holdings". Problem is that the letter is issued on Skycom letterhead and no evidence is shown to prove that the money is actually being transfered to the ESCROW account.

When I asked currency exchange company to confirm the account number they have transfered the money to, they said " because you have come to us through Skycom, we can not provide you any details, you should ask Skysom".

Can anybody advice that the receipt can be issued by 3rd company on behalf of Developer? Why Developer himself can not issue a receipt and why a statement from the Bank can not be shown to the buyers.