MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Font ResizerAa
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Reading: UAE: 9 jailed for posing as detectives, stealing Dh400,000 in Ajman fake currency exchange deal
Share
Font ResizerAa
MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Search
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Have an existing account? Sign In
Follow US
© Market Alert News. All Rights Reserved.
  • bitcoinBitcoin(BTC)$67,311.001.34%
  • ethereumEthereum(ETH)$2,065.183.50%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$616.241.17%
  • rippleXRP(XRP)$1.341.14%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$84.072.99%
  • tronTRON(TRX)$0.3185730.25%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.0925682.68%
Latest News

UAE: 9 jailed for posing as detectives, stealing Dh400,000 in Ajman fake currency exchange deal

Last updated: July 26, 2025 4:15 pm
Published: 8 months ago
Share

Nine men have been sentenced to three years in prison after posing as criminal investigators and stealing more than Dh400,000 from a man during a fake currency exchange in Ajman.

The Ajman Federal Primary Court also ordered the defendants to repay the stolen amount and ruled that seven of them be deported after serving their sentences.

The elaborate robbery unfolded when the victim arranged to exchange over Dh400,000 for US dollars through a group claiming to offer a better rate. At the agreed location, three men, all Arab nationals, approached him and his companions, falsely identifying themselves as officers from the criminal investigations department.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

According to court records, the suspects ordered the group out of their vehicle and forced them to stand against a wall. While one of the men collected their ID cards and mobile phones, another pretended to speak with the authorities. During the distraction, a third suspect opened the car and took off with a bag containing the cash.

The gang fled the scene in a getaway car, prompting the victim to report the incident immediately. Ajman Police launched a swift investigation, and within days, officers tracked down the suspects and recovered most of the stolen money, except for Dh63,000.

During interrogations, one of the suspects, identified as the fifth defendant, confessed to planning the crime with the others. Four more gang members admitted their roles, while the remaining suspects denied involvement and challenged the legality of their arrest and search.

The court dismissed those claims, stating the evidence was overwhelming. The ruling was based on direct confessions, credible witness statements, and the victim’s identification of several defendants during a virtual police lineup.

The judge described the act as a premeditated and organised crime, stressing that the defendants intentionally misled the victim by abusing the identity of law enforcement to carry out the theft.

The case highlights the dangers of unregulated money exchanges and the importance of verifying identities, especially when large sums are involved.

Read more on Khaleej times

This news is powered by Khaleej times Khaleej times

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading...

Related

3 wounded, 1 seriously after daylight shooting in Mattapan – Boston News, Weather, Sports | WHDH 7News
Family bank to list on Nairobi securities exchange in 2026 after shareholders’ approval
Marcos monitoring protest rallies – Palace
Mega Millions jackpot winner: Virginia ticket wins $348 million prize
‘Game changer’: Three days of subsidised childcare announced

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Be more ruthless! Frustrated Longmuir saw missed opportunity
Next Article Marcos given ‘incomplete’ grade ahead of SONA
© Market Alert News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Prove your humanity


Lost your password?

%d