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

  • Entertainment Extra

    1:00pm - 2:00pm

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

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.