Instagram self-acclaimed billionaire and socialite, Nigerian-born Raymond Abbas Igbalodely aka Ray Hushpuppi ,Olalekan Jacob Ponle aka Woodbery ,and ten others , have been arrested by Dubai police on allegations of fraud
Gulf News reports that the Dubai police on Thursday, confirmed their arrest following an extensive operation dubbed “Fox Hunt 2”, which revealed a hidden online fraud network that was committing crimes outside the UAE, including money-laundering, cyber fraud, hacking, criminal impersonation, banking fraud and identity theft. .
It’s also reported that the successful raid resulted in confiscation of incriminating documents pertaining to a well-planned international fraud, worth Dh1.6 billion(N168 billion)..
According to Lt General Abdullah Khalifa Al Merri, Commander-In-Chief of Dubai Police, in a reaction , said the success of the operation was another feather on the cap of Dubai police, stating that the culprits would face the full weight of the law.