The UAE Central Bank and Abu Dhabi police foiled a $14.4 billion fraud attempt against a bank, the state news agency Wam reported on Saturday.

The bank's name was not disclosed.

The alleged suspects are Iranian nationals Farzin Ali Karoryan Mutlaq and two others, an unnamed Iranian national and an American of Iranian origin, Wam quoted Hammad al -Hammadi, director of the Criminal Investigation Department (CID) at Abu Dhabi police, as saying.

This is the fourth consecutive fraud attempt in one year that has been foiled, he said, adding that the four frauds totalled Dh244.60 billion ($66.6 billion).

The two unnamed suspects who entered the country on mission visas have been arrested while Mutlaq who is wanted internationally for similar frauds is residing in his home country, Wam said.

The two suspects collaborated to con the UAE Central Bank by submitting fake documents in which they claimed the alleged gang leader Mutlaq had property investments worth $14.4 billion and that the amount was transferred to the UAE from Germany through the Central Bank.

"The unnamed Iranian had a power of attorney to receive the money and then transferred it to the ring leader who is wanted by Interpol," Wam said citing Abu Dhabi police. – Reuters