DUBAI // DNA evidence left at the scene of Dubai's biggest-ever robbery last year has helped lead to the arrests in Europe of two more members of an international criminal gang as they were apparently planning another jewellery heist. The two men from the Balkans are believed to belong to a gang known as the "Pink Panthers", whose raid on a jewellery store in Wafi City last year netted goods worth millions of dirhams. It was one of a series of multimillion-dollar raids the gang has allegedly carried out in Dubai, Switzerland, Monaco and Liechtenstein. The masked robbers made off with Dh14 million (US$3.8m) worth of jewels after crashing two cars through the doors of the mall and breaking into the Graff jewellery store on the evening of April 15, 2007. The robbery, which was captured on CCTV cameras, raised questions about the security of Dubai's shopping centres. Only one member of the Wafi City gang has so far been arrested, tried and sentenced - a 33-year-old Serbian businessman who was jailed for 10 years for his part in the coup. Another man was acquitted. The latest arrests were made in Monaco last Wednesday when a policeman called to an innocuous traffic incident recognised a 27-year-old Serb and a 31-year-old Bosnian as suspects linked to a June 2007 jewel robbery in the Mediterranean principality. DNA discovered at that crime scene was found to match traces left at previous scenes, including Wafi City, which had been stored on Interpol's global database. A spokesman for the Dubai Police criminal investigation department said despite the gang's attempts to destroy forensic evidence by burning the cars used in the Wafi City robbery, traces of DNA were found in the vehicles and at the scene. This was the key to tracking down the gang members after they fled the UAE, he said. "Dubai Police have always co-operated with Interpol, and evidence provided by us helped close the net on the suspects responsible for breaking into Wafi City and robbing the jewellery store," the spokesman said today. "They attempted to burn the two cars they used in the robbery, but DNA evidence was still left behind." Both the cars were stolen; one had a Dubai registration plate and the other was registered in Abu Dhabi, Lt Gen Dahi Khalfan Tamim, the head of the Dubai Police said at the time. Christophe Haget, chief of investigations at the Monaco police force, said the latest arrests were only made possible by the "hard work of identification and analysis done at an international level". But he added: "You could say we got lucky." According to police, one of the arrested men is a senior member of the gang who took part in the Dubai robbery. It is not yet clear whether the second gang member was directly involved. The pair have been linked to at least seven robberies in Switzerland that netted US$2.4m (Dh8.8m) since 2005, and another in Liechtenstein in 2006. The gang is estimated to have cost jewellers around the world more than €110m million (Dh529m) in just under a decade. The Dubai Police spokesman said he expected the pair to be tried in Switzerland or Liechtenstein on numerous charges of armed robbery. They are currently being held in Monaco for travelling on forged documents. Many more members of the gang, which is thought to involve up to 200 people mainly from the former Yugoslavia, are still at large. Thirty are believed to be behind bars. Interpol set up a Pink Panther unit in July 2007 in response to the gang's increasingly lucrative crime spree. British police gave the gang its nickname after finding a blue diamond ring hidden in a jar of face cream, like the the Pink Panther gem in the 1963 film comedy of the same name starring Peter Sellers and David Niven. According to Interpol, the gang carries out long-term surveillance of its targets, and adapts perfectly to the environment. In affluent areas members drive around in limousines, and in places such as Japan they ride bicycles and wear anti-smog masks.
shafez@thenational.ae
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Naga
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Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
When is VAR used?
• Goals
• Penalty decisions
• Direct red-card incidents
• Mistaken identity
Everybody%20Loves%20Touda
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances