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Dubai Police dismantles investment fraud network

Saturday, 14 November 2026 at 13:10

By ARN News Staff

Dubai Police have arrested a number of individuals for running an investment fraud scheme that tricked victims into opening bank accounts and digital wallets in exchange for money.

Investigations revealed that the gang "recruited" the individuals and convinced them to hand over full access to their bank accounts so they could wire illegal funds and conceal the identifies of the actual beneficiaries.

Dubai Police General Command warned that those caught giving access to bank accounts or digital wallets in exchange for money will also face legal action.

The authority urged the public to remain vigilant, keep their accounts confidential, and report suspicious activities via the Police Eye service, eCrime platform, website, app or 901.

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