Guess what percentage of companies actually reward staff for innovation…August 31, 2015 3:16
Seven people arrested in the UAE for $10 billion fraud
The men apparently tried to fraudulently withdraw $10 billion from the UAE Central Bank.
January 23, 2010 8:03 by kippreport
The Abu Dhabi Police has arrested seven men for allegedly attempting to make fake withdrawals worth around $10 billion from the UAE Central Bank, official news agency WAM reported on Saturday.
The men-three Europeans and four Asians, reportedly produced forged documents claiming that the central bank owed a European Bank the money, the Abu Dhabi Police said. “The documents presented by the suspects were fake and meant for attempted fraud targeting the Central Bank,” Colonel Hammad Ahmed al-Hammadi, director of the Criminal Investigation Department of Abu Dhabi Police told WAM.
The accused have denied the charges. But if convicted, they could face up to 10 years in prison, said the report.