Sharjah Police arrest five in scam

SHARJAH // Police have arrested five suspects in an illegal scheme that tricked people into sending them mobile phone minutes in exchange for a promised prize. About Dh300,000 (US$80,000) has been transferred to the gang's phones in the past two months, with about 75 people sending more than Dh4,000 each, police said. Those targeted were told they were winners in a recent draw and advised to transfer credit so their award could be processed. The gang would then sell the phone credit on the street, police said.

A 33-year-old man was arrested and charged with heading up the scheme, said Brig Yousef Musa al Naqbi, the head of the Sharjah Police CID. He is accused of recruiting four other men, securing them residency visas and giving them lists of people to target. "Women and young girls were the prime targets," Brig al Naqbi said. The gang believed the young girls would be most easily swayed, he said. Police urged residents to avoid buying telephone credits from people on the street and to report sellers. The Ministry of Interior recently launched a campaign warning the public about such plots.

Hassan Abdul Wahab, 35, from Bangladesh, said he had seen several people selling credits on the street. "I have myself bought airtime from street dwellers two to three times," he said. "They sell credit of Dh25 at Dh23 which is worth a deal." The owner of a supermarket behind Mubarak Centre that once sold these credit transfers said the shop had recently stopped doing so and denied it had been getting the credit from criminal activities.

"All our customers who come and ask us to give them credit transfers, we tell them we don't have," he said. "We give them an alternative of buying a card of Dh25 for Etisalat or Dh20 for du." @Email:ykakande@thenational.ae

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000

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Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

MATCH INFO

Barcelona 2
Suarez (10'), Messi (52')

Real Madrid 2
Ronaldo (14'), Bale (72')

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA

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