Dubai Police Arrest Gang Running Fake Companies for Fraud

 

 

Dubai, UAE – The security authorities in the United Arab Emirates have arrested a gang involved in creating fake companies to carry out fraud and launder money obtained through illegal financial activities using stolen bank cards.

 

 

 

 

 

Dubai Police revealed that the group had registered businesses that did not actually exist in the market. These shell companies were used to deceive regulatory authorities and banks in order to conceal the source of illicit funds and profit unlawfully.

 

 

 

 

According to officials, Dubai Police exposed the gang’s fraudulent methods and arrested its members, handing them over to the judicial authorities. The police added that the operation was the result of careful monitoring and continuous surveillance in cooperation with partner agencies.

 

 

 

Dubai Police stressed that the arrests reflect their readiness to combat organized financial crimes and safeguard the financial and economic system from illegal activities. Authorities urged individuals and institutions to report any suspicious activities through the “Eye of the Police” service or by contacting the 901 call center.