Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

UAE

Abu Dhabi Police And Central Bank Foil Fraud Attempt

The Abu Dhabi Police (ADP) and the Central Bank of the UAE (CBU) have foiled a Dh53bn ($14.4bn) fraud attempt against an unnamed bank, they announced on 5 June. Col Hammad al-Hamadi, Director of ADPs Criminal Investigation Department (CID) said that the planner was the same individual sought for three other fraud attempts against the central bank, Iranian national Farzeen Ali Karoyan...