Dubai hacker cheats American national of $500,000

The Dubai Court of First Instance has heard how a hacker and his cohort posed as an American national in order to transfer $500,000 from a personal bank account to a financial services company in Dubai in March 2013. The company produced to the Dubai Court of First Instance documents which allegedly proved an agreement with the American for the transfer of funds. However, counsel for the American national pointed to a discrepancy between these documents and the American's original passport to show that there was no such agreement. The Court ordered the company to repay $250,000 plus interest.

Dubai police warn of WiFi scams

Dubai police have issued a warning about the dangers of using public WiFi connections as cybercriminals are taking advantage of unencrypted networks in public places. Police have noted how cybercriminals are using this tactic to steal financial and personal details.

Company purchase officer on trial for bribery offences

A purchase officer at Dubai Petroleum has gone on trial for allegedly seeking illegal commissions from suppliers. According to prosecutors, the defendant requested a 5 per cent commission for purchases made from another supplier. In another incident, he also allegedly sought an illegal commission for orders from a salesman of a company that supplies technical equipment. The offences were uncovered following emails sent to management and a commissioned audit report.

Business consultant acquitted of embezzling $5million from client

A consultant, accused of tricking a South African businessman into doing business with him, was acquitted by the Dubai Court of First Instance due to lack of evidence. The acquitted defendant was paid by the South African national to establish a company in Dubai and was appointed manager. When the company was closed in 2016, he claimed that the police had seized the company's money and that a fine of over $300,000 would be needed for its release. It was alleged that there had been no such seizure, but that the consultant had conspired with three fugitives to forge police and prosecution papers and to embezzle funds from the company. Prosecutors have appealed the acquittal.

Staff flee with embezzled funds

The Criminal Investigation Department ("CID") in Dubai has announced that two employees of a small money exchange illegally diverted funds that were to be wired into consumer bank accounts into their own. The investigation began following reports from victims who claimed to have wired money into accounts which did not appear to be credited.