Dubai: Three men are on trial accused of transferring Dh2.8 million from a man’s account through a Sim swap fraud, a Dubai court heard on Tuesday.
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A 29-year-old Indian salesman forged multiple documents and an Emirates ID before requesting a telecoms company to change ownership of a Sim from the victim’s name to a company owned by a 51-year-old Bangladeshi defendant.
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According to court records, after obtaining the victim’s Sim, the defendant gained access to the victim’s bank account and transferred money to a private company owned by the Bangladeshi defendant.
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In July of last year, the Canadian victim, who is not a UAE resident, discovered the crime after his phone number had been disconnected.
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He called his American friend who stays in the UAE to file a case with police on his behalf.
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“My friend has a bank account in the UAE. He is not living in the country, and in 2015 he asked me to get a local phone number to have access on his online banking,” said the friend. “He called me later after the phone number was blocked and I went to the telecommunication company and discovered that someone transferred the number’s ownership to a company. The defendant used forged documents to get a new Sim card to transfer the money. He used a fake Emirates ID with a different signature,” added the friend.
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The Indian defendant had set a new password on the Sim and applied for online transfers of Dh200,000 every day until the amount reached Dh2.8 million.
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He then transferred the money to the account of the company owned by the Bangladeshi defendant.
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The pair then withdrew Dh1.6 million from the company’s account and gave it to a third defendant, a 45-year-old from India.
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The 45-year-old denied a charge of aiding a crime and possessing stolen cash, while the other two defendants remain at large and are charged with forgery, fraud and fraudulently obtaining money.
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The trial is adjourned until July 7.