Khaberni -The Anti-Fraud Team of the General Department for Criminal Investigations in Dubai Police apprehended a gang specialized in electronic fraud, promoting fake investments in trading and investing through social media platforms.
Dubai Police reported that the arrest of the gang came after receiving complaints from victims who confirmed they were deceived by gang members, who contacted them by phone, claiming to represent trusted electronic trading and investment platforms.
The police highlighted that the gang deluded the victims into believing in the possibility of achieving high and rapid profits which allowed them to seize their funds after transferring amounts to accounts outside the country, noting the identification of the culprits and their locations, arresting them, and taking legal measures against them, in preparation for referring them to the competent judicial authorities.
Dubai Police requested the public to be cautious when dealing with individuals promoting unlicensed investments, or who request opening bank accounts and transferring money to them, affirming that only licensed entities are authorized to provide investment services within the country.
They also urged immediate reporting of any suspicious activities through the “eCrime” platform, via the Dubai Police app, or by calling the number 901.
