The criminal ring stole around $2 million (1.5 million EUR)

Mar 5, 2013 09:10 GMT  ·  By

The alleged members of a cybercrime gang, suspected of stealing around $2 million (1.5 million EUR) from the bank accounts of exchange companies have been arrested by Dubai police.

According to gulfnews.com, authorities believe the suspects, two Asians and one African, were helped by hackers who broke into the websites and computer systems of various organizations from Dubai.

The mastermind of the operation, identified as D.Q. from Africa, admitted to taking part in other similar scams. He was in charge of the business process and acted as a mediator between the gang members.

His two accomplices, both Asians, were in charge of receiving the illegally transferred funds, respectively with setting up fake companies on the Internet.

The police say hackers broke into the email accounts of the targeted companies, changed the details of transactions and transferred money to accounts controlled by the fraudsters.

Authorities found checks worth around $1.6 million (1.2 million EUR) in the possession of the suspects.