Police in Dubai have seized counterfeit goods worth a staggering Dh9.3 billion over the last five years.
The force revealed the figure on Monday and said officers investigated more than 2,000 cases of financial crime including commercial fraud, counterfeiting and forgery over the same period.
During the first half of this year alone, officers at the anti-counterfeit, anti-fraud and anti-commercial fraud and piracy sections dealt with 315 cases, involving 394 suspects. They also recovered goods worth more than Dh1.7bn.
“The department works around the clock to combat economic crimes and holds regular meetings with brands’ representatives to explore methods and tools to uncover counterfeit goods," said Brig Jamal Al Jallaf, director of the General Department of Criminal Investigations at Dubai Police.
Authorities have been stepping up efforts to clamp down on the counterfeit trade. Over the past few years, the UAE has intensified inspection campaigns and is using blockchain technology to prevent fraud and counterfeiting.
The UAE also signed several international treaties for the protection of copyright work, including the Trade-Related Aspects of Intellectual Property Rights agreement.
In March, authorities recovered almost 16,000 illegal or fake tobacco products and shisha oils worth Dh1.5 million.
More than 300,000 bogus filters, spark plugs and other engine parts were seized by officials in 2020.
MATCH INFO
Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
Global state-owned investor ranking by size
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United States
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2.
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Zayed Sustainability Prize
