Dubai Police nab gang for fake investments

Gulf Today

20-07-2025

The Anti-Fraud Centre, which is part of the General Department of Criminal Investigation at Dubai Police, has arrested a group of people who were involved in cyber fraud. Specifically, they were promoting fraudulent trading and investment opportunities on social media platforms. This was achieved following extensive monitoring and investigation.
With regard to the specifics of the case, as published by the Dubai Police within their ongoing 'Be Fraud Aware' campaign, it is said that the gang was caught after multiple reports were received from individuals who claimed to have been defrauded by its members. The gang had initially contacted the victims via telephone, claiming to represent well-known online trading and investment platforms.
The Dubai Police explained that the gang had deceived their victims by promising them quick, high profits, which had enabled the gang to seize their money after the victims had transferred the funds to accounts outside the country. They noted that the individuals involved had been identified and arrested, and that legal action had been taken against them pending referral to the relevant judicial authorities.
The Dubai Police have warned people to be careful when dealing with anyone who asks to invest in something that doesn't have a licence, or who asks to open a bank account to receive money. The warning says that only licensed companies can provide investment services in the country.
The Dubai Police also asked people to report anything strange straightaway. They can do this through the eCrime platform, the Dubai Police app, or by calling 901. The police say it's important to check if any investment offers are real before doing anything that involves money.