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3 Europeans and 4 Asians were caught presenting fake documents to the bank, which says that the central bank of UAE owed funds belonging to the family investment of the gang’s leader. Sounds like some mafia story gone wrong. This is akin to daylight robbery in one of the richest city in the world.

Abu Dhabi police have arrested seven men for plotting to defraud the UAE central bank of 7.2 billion euros ($10.17 billion) using false documents, the state news agency WAM said on Saturday.

It said the suspects, three Europeans and four Asians, had presented forged documents from a commercial bank in Europe purporting that the central bank of the United Arab Emirates owed the funds representing the family investments of the gang’s leader.

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