Suspect Arrested in Abu Dhabi Over Dh14 Million Gold Jewellery Fraud
Abu Dhabi Police have arrested a man suspected of orchestrating a Dh14 million gold jewellery fraud, allegedly posing as a representative of prominent businessmen and high-profile individuals to obtain valuable jewellery without making payment.
According to police, the suspect approached a jewellery shop in Abu Dhabi around six months before the complaint, claiming to represent influential individuals. He allegedly collected high-value gold jewellery on the promise of deferred payment against invoices but failed to settle the bills.
A specialised police team tracked down the suspect using intelligence gathering, data analysis and advanced technology. He was arrested within hours of the complaint at an annex attached to a residential property in Abu Dhabi.
During a search, officers found boxes of gold jewellery, invoices and other documents. During preliminary questioning, the suspect reportedly admitted selling the remaining jewellery. Police have not disclosed how much jewellery was recovered or whether additional suspects have been arrested.
Abu Dhabi Police urged jewellery retailers and other businesses to verify customers’ identities and their authority to represent individuals or organisations before handing over high-value goods. They also advised businesses to ensure secure payment arrangements and report suspicious transactions.
