UAE arrest seven in $10 bln fraud case
January 25, 2010
Total Loss:
Unknown
Abu Dhabi police arrested seven men for attempting to steal 10.2 billion dollars from the United Arab Emirates' central bank using forged documents, the official WAM news agency reported on Saturday. The three Europeans and four Asians "were involved in presenting false documents to the UAE central bank purportedly from a European commercial bank" showing the bank owed 7.2 billion euros (10.2 billion dollars) to the family of their leader, WAM said.
Source:
AFP
Posted in:
Check Fraud