Dozens arrested in Sharjah Police crackdown on $2.4 billion global money laundering scheme
An international operation carried out by Sharjah Police resulted in 33 people from 12 countries being accused of being involved with cyber fraud, digital wallet theft, money laundering and violent assaults. Police in the emirate say the suspects, who were arrested, are members of an organised criminal network who targeted individuals and companies through cyberattacks, stolen data,…
In a major crackdown by Sharjah Police, 33 suspects from 12 countries were arrested and accused of involvement in a $2.4 billion global money laundering scheme, according to prosecutors. The international operation, dubbed "End of Battle," targeted an organized criminal network that used cyber fraud, digital wallet theft, money laundering, and physical violence to defraud individuals and companies.
Sharjah Police's Digital Crime Combat Department discovered the complex infrastructure of the gang, which operated across cyberspace, employing encryption and clandestine networks to conceal their activities. The suspects cultivated a lavish public persona to mask their illicit operations, moving between world capitals and appearing as legitimate businesspeople.
The operation dismantled four separate gangs, each specializing in a different aspect of the crime: cyber attacks, money laundering through virtual assets, social engineering to steal digital wallets, and violent assaults to obtain passcodes. Over 30 companies and institutions were targeted, with assets valued at over Dh65 billion seized and more than Dh200 million in cash recovered.
The investigation revealed a cross-border criminal organization with integrated roles, beginning with fraud and hacking to seize victims' funds and culminating in converting ill-gotten gains into legitimate investments. The operation highlights the UAE's national security system's efficiency in handling complex and cross-border security challenges.
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