Two Arrested in Bahrain for Unlicensed Banking and Fraud
TDT | Manama
The Daily Tribune - www.newsofbahrain.com
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The Anti-Economic Crimes Directorate of the General Directorate of Anti-Corruption and Economic and Electronic Security has announced in a statement the apprehension of two Arab nationals for allegedly engaging in fraud and operating an unlicensed banking business.
The Directorate stated that a Bahraini citizen reported being defrauded of BD32,000 by an individual claiming to represent a legitimate investment firm with offices in Bahrain. Following the report, an investigation was launched, leading to the identification and arrest of the two suspects.
Electronic devices used in the alleged fraudulent activities were also seized, the statement stated. The suspects are now facing legal proceedings, and the case has been referred to the Public Prosecution.
The Anti-Economic Crimes Directorate of the General Directorate of Anti-Corruption and Economic and Electronic Security urged citizens and residents to exercise caution and verify the legitimacy of companies and job offers before engaging with them.
The Anti-Economic Crimes Directorate of the General Directorate of Anti-Corruption and Economic and Electronic Security urged citizens and residents to exercise caution and verify the legitimacy of companies and job offers before engaging with them.
Anyone who suspects they have been a victim of fraud is encouraged to immediately contact the Economic Crimes Directorate’s hotline at 992 to report the incident, the statement concluded.
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