A Dubai-based housewife, Malaikah Raja, known for her extravagant lifestyle on social media, receives financial support from her husband, Mohammed Maricar, who allegedly fled the UK after being declared bankrupt. Maricar, identified as a conman, was fined in 2021 for providing unauthorized investment advice, leaving clients with significant financial losses.
A Dubai housewife who flaunts her lavish lifestyle on social media is being bankrolled by her conman husband who fled the UK after being made bankrupt, MailOnline can reveal. Malaikah Raja has more than 1.5 million social media followers and regularly posts videos of her driving around in a brand-new pink Mercedes G-Wagon, shopping for luxury goods and going for costly beauty treatments.
She claims to receive a combined monthly living and shopping allowance of close to £25,000 from her husband Mohammed Maricar, plus another £160,000 per month from him for payments on a series of properties she owns. The couple live in a £2million luxury home in an exclusive gated community in Dubai which they recently bought. But a darker side to how Mr Maricar made his money can now be revealed prior to the couple setting up home in the Gulf country and enjoying untold riches. In March 2021 he was fined by the High Court in London for unlawfully providing investment advice via his 24HR Trading Academy company which left its clients hundreds of thousands of pounds out of pocket. The court found that his company provided advice for a fee to consumers on when to buy shares, commodities and foreign currencies via WhatsApp, which it was not allowed to as it was not authorised by the Financial Conduct Authority (FCA). Mr Maricar was ordered to pay £530,000, which was to be distributed among his customers. Dubai housewife Malaikah Raja, who flaunts her lavish lifestyle on social media, is bankrolled by conman husband Mohammed Maricar who fled the UK after being made bankrupt Ms Raja regularly posts videos of her driving around in a brand-new pink Mercedes G-Wagon The couple have two children; a two-year-old boy (pictured) and a baby girl born last week But he failed to pay the sum leading to him being declared bankrupt in August 2022 after proceedings were brought against him by the FC
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