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Dubai Police arrest cybercrime gang behind fake online investment schemes

Dubai Police arrest cybercrime gang behind fake online investment schemes

Gulf Business7 days ago
Image: Dubai Media Office
The arrests were carried out by the Anti-Fraud Centre at the General Department of Criminal Investigation, following extensive monitoring and investigation efforts, according to a report published by the Dubai Media Office.
The suspects had contacted victims through phone calls, falsely presenting themselves as representatives of legitimate electronic trading and investment platforms.
They used these claims to gain victims' trust and convince them to transfer funds with the promise of fast and high returns, police said.
The funds were then funneled into bank accounts located outside the UAE, authorities added.
Dubai Police made the arrest as part of larger efforts to raise awareness about cyber threats
The operation was part of the ongoing national awareness campaign, launched to educate the public about rising cyber threats.
Dubai Police said they acted swiftly after receiving several reports from victims and were able to identify the gang's identities and locations before making the arrests.
Legal procedures have been initiated to refer the suspects to the appropriate judicial authorities.
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