Sharjah Police nab cybercriminal behind AED 2.8 million fraud

File picture [for illustration]

An online scammer who tried to steal AED 2.8 million from an advertising company has been nabbed by Sharjah Police.

The man hacked into the firm's email account and found out about their upcoming transaction with a client in a neighbouring country.

Police said he convinced the client to wire the money to a different account and then withdrew more than AED 1 million through transactions at multiple bank branches.

The suspect was caught red-handed while trying to withdraw the rest of the money from a bank.

Lt. Col. Muhammad bin Haider, acting head of the Buhairah Comprehensive Police Station, said the man was tracked down within eight hours of the complaint being filed by the company.

He added that the suspect confessed to his crime during interrogation and the police have referred him to the public prosecution.

More from Local

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.