Spanish police say they have arrested seven people falsely claiming to represent investors from Dubai and Egypt interested in investing in Spanish businesses and football teams, including first-division club Getafe.

The Mossos d'Esquadra, the Catalan regional police, said on Wednesday that before making the supposed investments the arrested individuals requested business owners to deposit money into a bank account as ''collateral.'' They then withdrew the funds and the businesses never received the investment.

Police say Getafe president Angel Torres signed agreements supposedly worth ?10 million ($12.5 million), but the two checks he received failed to clear.

Police did not say how much money Getafe or other businesses lost.