A Dubai-based Iraqi trader lost more than AED 350,000 in a shocking robbery after arranging to buy US dollars through an online deal. The crime took place on March 11 near Al Qusais, after the trader agreed to meet the supposed seller in person.

The 38-year-old trader was contacted by someone claiming to run a money exchange outlet in Al Nahda. The deal sounded promising, and the seller suggested meeting to complete the transaction. When they met, the trader was asked to park his car while the cash was verified inside a nearby building.

As he waited, a 27-year-old African man approached him, initiated a brief conversation, then suddenly punched him in the chest. The attacker grabbed the bag carrying over 350,000 dirhams in cash and ran. Seven accomplices six African nationals and one Arab were stationed nearby and helped the suspect escape.

The trader attempted to chase them but couldn’t catch up. He quickly reported the incident to Al Qusais Police Station.

How Police Tracked the Robbery Gang

Following a prompt investigation, Dubai Police located one of the suspects at a residence in Al Twar on March 22. He confessed to the robbery and revealed the identities of the other seven individuals involved. Authorities managed to recover part of the stolen money.

All eight suspects are currently in custody and facing trial at the Dubai Court of First Instance. The court hearing is scheduled for September 27.

Why This Scam Was Successful

  • Lured by a good deal: The trader was offered a favorable exchange rate.
  • False sense of legitimacy: The seller claimed to run a money exchange office.
  • Isolated setting: The victim was told to wait alone during cash verification.
  • Team of attackers: Multiple suspects ensured the robbery was swift and coordinated.

Safety Tips to Avoid Similar Scams

  1. Avoid carrying large sums of cash when dealing with online contacts.
  2. Meet in well-monitored public places with cameras or security staff.
  3. Bring someone with you when attending risky meetings.
  4. Use licensed money exchange services or official bank channels for currency deals.
  5. Report suspicious individuals immediately to Dubai Police or the RTA.

This incident serves as a serious reminder to always prioritize your safety when arranging online transactions, especially involving cash. Use official platforms and never meet strangers in isolated or uncontrolled environments.