A man has been arrested in Dubai for scamming a number of people using 'magic ink' to alter financial documents.
The man presented fake business cards and an employee ID to convince his victims that he represented a bank.
Investigations by the Dubai Police showed that the suspect tricked people into believing he could secure bank loans for them for an "account opening fee". He would then fake the documents using 'magic ink', with the details disappearing shortly after they receive it.
He also swindled funds by altering cheques from the victims, filling out details, barring the victim's signature, in 'magic ink'. Once the ink disappeared, he would fill the blanks with his account details and an amount of his choice.
Officials said they started monitoring the suspect after receiving several complaints from victims.
Dubai Police have urged the public to remain vigilant against modern fraud tactics, and encouraged them to use personal pens to complete any forms or cheques for bank transactions.
The authority also warned them against engaging with unofficial entities or individuals who claim to secure loans in exchange for money.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of the Ministry for Foreign Trade and renamed the Ministry of Economy under key changes to the government.
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has delivered a message from UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Canadian Prime Minister Mark Carney.
Dubai’s Roads and Transport Authority (RTA) has announced plans to add 637 eco-friendly buses to its fleet after signing an agreement worth AED 1.1 billion at the UITP Global Public Transport Summit.
The UAE and Indonesia have inked an agreement to collaborate in areas such as knowledge exchange, best practices in auditing and accounting and oversight of public funds.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.