Sharjah Police have arrested a gang of 12 people who specialised in the sale and distribution of fake gold jewellery.
Col Omar Al Zoud said Sharjah Police had received several reports of people falling victim to the swindle while out shopping.
He said the perpetrators would first offer the victims low-priced phones for sale. The offender then produced a sample of what he said were original gold pieces with Islamic inscriptions.
He told the victim that the gold pieces were not available on the local market and offered them at a low price to convince the shopper to buy them.
Col Al Zoud said that to complete the fraud, the offender asked the victim to examine some of the pieces at the gold shops to ensure its authenticity, which gained the necessary trust to seal the deal.
But after buying the items, the victim discovered the items were merely gold-coloured.
He said the police had received the reports from a number of dates, which at first removed the suspicion that it was an organised operation.
Once Sharjah Police were able to establish a link between the various reports, officers were able to identify and arrest all gang members.
He said all 12 confessed to their participation in the fraud and admitted that each had particular roles.
Some would monitor possible victims, some would negotiate and complete the sales and others handled the shipments of gold-coated metal from overseas and delivered to the dealers.
The case has been referred to the Public Prosecution to take legal action against them.
Col Al Zoud warned the public to avoid buying goods from people who are not licensed to do business. He also urged people to report street vendors to the police.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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