Abu Dhabi Police Arrest Suspect in Dh14 Million Gold Jewellery Fraud

Abu Dhabi Police have detained a man suspected of defrauding a gold jewellery store of approximately Dh14 million. The arrest took place within hours after the police received a report from the store owner.

The store owner explained that six months prior, the suspect obtained gold jewellery by claiming to represent several businessmen and prominent UAE figures. He took possession of the jewellery with a promise to pay later, but the payment was never made.

Following the report, Abu Dhabi Police launched an immediate investigation. A specialised team was formed to gather evidence, analyse data, and connect relevant information. Employing advanced technologies and smart systems, the police identified the suspect, tracked his location, and monitored his movements within a few hours.

Investigations revealed that the suspect had accomplices and was hiding in an annex attached to a residential property in Abu Dhabi. Security forces conducted a raid at this location and arrested the suspect. During the operation, officers recovered boxes containing gold items, along with invoices and documents related to the case.

In preliminary questioning, the suspect admitted to selling some of the jewellery. Abu Dhabi Police highlighted that the rapid resolution of the case reflects the effectiveness and preparedness of their personnel, as well as their use of technology and data analysis in investigations.

The police urged gold and jewellery shop owners, along with other commercial businesses, to verify customers' identities and legal credentials before completing transactions. They also advised against releasing jewellery or other valuable items before securing payment.

Additionally, businesses were cautioned not to rely solely on promises of future payment or deferred invoices and were encouraged to report any suspicious activities or transactions promptly.

What this means for you

• Verify the identity and legal credentials of customers before conducting transactions involving gold or valuable items.
• Do not release jewellery or high-value goods until payment has been fully secured.
• Avoid relying on promises of future payment or deferred invoices when dealing with customers.
• Report any suspicious transactions or practices to the authorities immediately.