Nine gang members will be sentenced by a court after they were found guilty of stealing funds and money laundering.
UAE prosecutors said the gang called victims and pretended to be bank employees who wanted to update their data or tell them they had won a financial prize.
The ruse would allow them to obtain the necessary information to access the victims' bank accounts via banking apps and transfer money to other bank accounts they had opened for this purpose. The money would ultimately be sent out of the country.
The investigation by Sharjah Public Prosecution revealed that the gang had forged some bank seals.
Prosecutors would ask the court to apply the maximum penalty against the accused, news agency Wam reported.
The Federal Decree on Anti-Money Laundering and Countering the Financing of Terrorism stipulates that anyone found guilty of money laundering will receive a temporary prison sentence and a fine of no less than Dh300,000 and no more than Dh10 million.
Prosecutors urged people to be cautious and not to respond to fraudsters seeking financial information over the phone, or by any other means of communication. Any attempts to do so should be reported to the police.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
ELIO
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Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
UAE currency: the story behind the money in your pockets
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Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
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The Porpoise
By Mark Haddon
(Penguin Random House)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
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- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
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- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills
Killing of Qassem Suleimani
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Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
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