DFSA imposes financial penalties of $299,300,000 (Dhs1,098,431,000) and $15,275,925 (Dhs56,062,645) on Abraaj Investment Management Limited (AIML) and Abraaj Capital Limited, ACLD, respectively.
Facebook fraudsters who duped a gullible man into paying $123,200 and travel from Iraq to the UAE to claim his ‘$27 million prize’ were incarcerated on Tuesday.
An unemployed man ripped Dhs110, 250 after renting out someone else’s apartment inside a tower in Dubai Marina, the Criminal Court heard on Monday.
A manager established a ghost bank attributed to a royal and swindled a Dhs60 million deposit from an investor, a jury heard on Sunday.
A fraudster who dashed out of a hotel after preparations to con someone went awry was on Thursday imprisoned for nine months and slapped with a Dhs200,000 fine.
If you’re anything like me, you won’t like doing anything related to parting with your money for online purchases, especially if the payment is made up front. I don’t mind cash on delivery because then I can check what I paid for.
The other day I received a WhatsApp message from someone posing as an employee of the Central Bank of the UAE. The message had an attachment which had the central bank logo and was written in both English and Arabic. It told me that my account had been frozen and to call another mobile number with my details. Once the details had been
Ten alleged serial scammers were hauled back into court on Tuesday for siphoning Dhs784,400 from an elderly Emirati trader’s bank account.
The Criminal Court in Khorfakkan on Monday postponed a case, in which three employees working for the Khorfakkan Traffic Department have been charged with financial embezzlement until next week.
At total of 94 people were arrested in early morning raids, the public prosecutor in Messina said in a statement. Those arrested included the heads of two Mafia families, a notary, entrepreneurs and public administrators charged with helping farmers access funds.