A Dubai court has arrested a person 17 lakh dirhams A strict order has been given to return the amount (about US$ 4,63,000). This is a case of fraud in which the accused used such ink on the check which disappears within a short time. This incident has once again alerted people about the ‘Magic Ink’ scam in UAE.
How does this fraud work?
Fraudsters use pens in which the filled ink disappears automatically within a few minutes or hours. Often people go to such people for bank loan or any important work. The fraudulent person gets the victim to sign the check and fills all the information in it himself. After some time, all the written information disappears and only the original signature of the victim remains, due to which the fraudster withdraws money from the bank by changing the amount and name as per his wish.
dubai police warning
According to Dubai Police, they are always there to sign checks or any legal documents. your own pen Should be used. Never blindly trust or sign a check filled out by someone else. The Documents Scan Section of the police detects these scams and collects evidence using advanced technology and radiation.
Even though there have been changes in the rules of check bounce in UAE, if fraud, forgery or clear intention to defraud someone is found, then it is considered a serious crime. In a similar case in the year 2019, a bank employee 10 years jail And 10 lakh dirhams A fine was imposed.
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