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The sale was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai
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Dubai: Four men fined Dh1.7 million for stealing cash from bitcoin trader
The victim's hands and feet were tied during the robbery
Four Asian men have been jointly fined Dh1.7 million for assaulting a bitcoin trader and stealing the same amount from his residence.
Last March, a man reported that he had been attacked in his house and that Dh1.7 million had been stolen from a safe that belonged to his trading partner.
The man claimed in his testimony that a group of men reached his residence, and told him that his 'address was incorrect'. When he attempted to close the door, the men pushed him and entered the house. After the man fell to the floor, the men put a knife to his neck.
The accused then tied him up with plastic rope and retrieved a key to the safe that was placed under a table. They then proceeded to steal the amount.
After the man managed to untangle himself, he called his partner and the police to inform them of the incident.
The second victim said in his testimony that he received a call from the first victim who informed him of the crime.
After he arrived at the spot, he saw the house in a mess and the safe open, with the cash missing.
Police investigations revealed that the criminals illegally infiltrated the country and fled after committing the crime.
Authorities then undertook a coordinated operation and managed to nab the culprits after zoning down on their location.
During interrogation, the men confessed to the crimes.
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