Middle East Economic Survey
Abu Dhabi Police Arrest Gang For $10Bn Fraud
Abu Dhabi police force said on 23 January that it has arrested a seven-member gang for allegedly trying to defraud the Central Bank of the UAE out of Dh38bn ($10.3bn) using forged bond documents. Its Criminal Investigations Department arrested the three Europeans and four Asians after central bank staff referred the matter to the banks Suspicious Cases Unit. The police said that...