29-04-2008
Police warn public about fraudsters cheating with promise of huge investment profits
Fraudsters who were collecting money from both nationals and expatriates in the pretext of investments and huge return of profits on their behalf had been nabbed by the police.
Police have warned the public against getting into the trap of such fraudsters, said that the crime was being committed by one national in association with three of his brothers and few other agents. The gang had swindled about 400 million AED from about 2500 victims.
Lt.Col.Maktoom Ali Al Sharifi director of the criminal investigation department at the General headquarters of Abu Dhabi Police said that the fraudster didn’t had any licence from the central bank mandatory to handle others investment portfolios. He cautioned the people to be aware of such money swindlers. The case is under through investigation, he added.
