One of the suspects confessed that he threw about 50,000 fake euros in the Al Quoz Industrial Zone aiming to increase the number of followers of his personal account on social media.
The Dubai Criminal Court sentenced an African woman to 3 months in prison and fined her Dhs200,000 on charges of possessing counterfeit dollars and defrauding an Asian seller.
The incident dates back to last November, when police were tipped-off about the defendant’s possession of counterfeit money and his intention of selling it.
The victim was referred to the defendant and his accomplices, who exchange currencies for higher value, toexchange Dhs214,000 into US dollars.
The defendants confessed to attempting to sell bundles of counterfeit dollars to a person interested in buying them by UAE currency.
The exchange found out that the defendants had used fake credentials and fake currencies to get the mentioned amount, and immediately filed a report against them.
The conference was attended by 400 anti-fraud practitioners and professionals from the region and elsewhere.
An official from the General Directorate of Residency and Foreigners Affairs-Dubai (GDRFADXB) has said that people who encounter fake bank notes must report the matter immidiately to the proper authorities, specifically the police.
The Dubai Public Prosecution has referred three Asians to the Criminal Court on charges of possessing fake €15,000. One of the defendants is still at large.