Gulf Petrol Supplies LLC (GPS) has filed a complaint with UAE police alleging Gulf Petrochem FZC issued fake contracts and invoices to banks and finance houses suggesting GPS owed it money for petroleum products.
GPS, part of the Fujairah National Group, said in a statement that it had filed the case against Gulf Petrochem FZC with the Hamriyah police station in Sharjah in September.
Two sources with direct knowledge of the matter said the fake documents made it appear that GPS owed Gulf Petroleum more than $40 million.
Gulf Petrol Supplies said in its statement it has told the companies and banks involved in the case that it had not received the purported supply contracts and had no outstanding debts with Gulf Petrochem.
For more information visit www.fng.ae/gps