Dubai Police Arrests Fraud Gang That Created Fake Companies for Money Laundering

In a high-profile security operation, Dubai Police arrested an organized criminal gang that specialized in financial fraud, after precise investigations revealed their involvement in creating fake companies to use as a cover for transferring stolen money through bank cards, which were obtained through fraudulent means.

Dubai Police stated in an official statement that the gang employed advanced methods to mislead regulatory authorities by registering fictitious business entities that had no actual presence in the market.

These entities were exploited to conduct illegal financial transfers aimed at concealing the true source of the funds and reusing them within a complex money laundering system.

The police explained that the operation came after careful monitoring and extensive investigations in cooperation with strategic partners, which revealed the gang's schemes and methods of fraud, leading to the arrest of the criminal group members and their referral to the competent judicial authorities to complete the legal proceedings against them.

Dubai Police confirmed that this operation reflects its high readiness and ability to combat organized financial crimes, noting that protecting the financial and economic system of the UAE is a top priority in its security strategy.

The police urged individuals and institutions to enhance their awareness and cooperate with security authorities by reporting any suspicious activities through the smart "Police Eye" service, or by contacting the service center at the number 901.