180 arrested for financial fraud in Dubai
Dubai, June 17, 2014
The Dubai Police have arrested 180 suspects for financial fraud in the first five months of the year, said a report.
About Dh609 million ($165.7 million) worth scams involved money-doubling fraud by ‘sorcery’, credit card fraud, circulation of counterfeit money and forged cheques, which totalled to 113 cases, said the Gulf News report.
The crimes that involved commercial fraud, piracy and stealing intellectual property amounted to more than Dh8.4 million, while fraud and swindling amounted to over Dh32.4 million, it said.
“There is a decrease in the number of economic crimes in general,” Major General Khalil Ebrahim Al Mansouri, assistant to Dubai Police chief for Criminal Investigation Affairs, was quoted as saying.
It is because criminals now commit their economic crimes on the computer and through the internet, which is considered cyber-crime and is handled by another department, he pointed out.