Man wanted in connection with Dh110 million scrap metal scam arrested

The Arab man is alleged to have embezzled the money from people who invested in a firm that imports scrap metal from a Middle Eastern country into a GCC country, police said.

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SHARJAH // A man wanted by police in connection with a Dh110 million scrap metal scam has been arrested in Sharjah.

The Arab man is alleged to have embezzled the money from people who invested in a firm that imports scrap metal from a Middle Eastern country into a GCC country, police said.

He had 25 outstanding warrants against him in the UAE and was also wanted by officers from Interpol.

“He lured victims by convincing them that he was a big investor specialised in metal scrap. He had a strong personality and gave his victims assurances that they will be making a lot of money once they join in the business deal,” said Major Raaed Abdullah, director of CID in the central region of Sharjah.

“Once our detectives picked up his trail inside the country, they set up a sting and were able to arrest him.”

The man has been referred Sharjah prosecution to face trail.

tzriqat@thenational.ae