Dubai: Two jailed for selling counterfeit money on social media – News

The victim contacted them and gave 75,000 Dhs in exchange for $30,000



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Published: Mon 7 Feb 2022, 10:27

The Dubai Criminal Court has sentenced two African fraudsters to one year’s imprisonment followed by deportation for selling counterfeit money.

The two accused lured an Arab man after he posted an ad on social networking site Instagram stating that they were currency dealers and were ready to exchange dollars at an attractive price.

The victim contacted them hoping to beat the tempting deal and gave Dhs 75,000 for $30,000 which is a much lower bargain price in the official market. The victim later discovered that the banknotes were fake.

During the investigation, the victim told the Crown that he was browsing Instagram and saw a picture of dollars with information about buying and selling currency. The claimant contacted the original sender and asked if he sold dollars in the United Arab Emirates.

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The Arab was told that the advertiser resides abroad, but he has friends in the United Arab Emirates to do the trick. The man sent her two cell numbers for one of his contacts. He communicated with the contact via WhatsApp and they agreed to meet in Deira.

The victim added that he met two Africans and agreed to buy $30,000 for 75,000 Dh. They decided that the money would be sent to him later with the first defendant.

During the interrogation, the first defendant arrested admitted having committed the crime with the other defendant in exchange for 300 Dh.