Accountant on trial over embezzlement of Dh2 million

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Accountant on trial over embezzlement of Dh2 million

Dubai - M.A. was in charge of collecting the revenues of the parking lots at the Dry Dock in Al Rashidiyah when he allegedly tampered with 266 receipts and electronic documents.

By Marie Nammour (Senior Reporter)

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Published: Wed 13 Apr 2016, 12:00 AM

Last updated: Wed 13 Apr 2016, 3:16 PM

A 45-year-old Egyptian accountant allegedly embezzled more than Dh2 million while in his tenure at the Dubai Customs, a court heard on Tuesday.
M.A. was in charge of collecting the revenues of the parking lots at the Dry Dock in Al Rashidiyah when he allegedly tampered with 266 receipts and electronic documents.
He pleaded not guilty to embezzlement and forgery charges in the Court of First Instance. The alleged wrongdoings happened between January 2009 and June 2013.
"On January 21, last year, we received a complaint from the Dubai Customs against M.A. regarding embezzlement," a police officer said during the investigation.
The officer quoted M.A. as admitting willingly to embezzling large amounts of parking revenues. "He would take the receipts from an administration employee and then tamper with the amounts in the electronic system. He would put in smaller amounts and pocket the difference".
M.A. told the police that he purchased two cars and jewellery for his wife and also paid the school fee for his children. He also admitted that he had b
ought a plot of land in Egypt. He said he was willing to sell his house and that plot to return the money he embezzled.
The discrepancies were exposed after an assistant auditor was assigned to prepare an audit report on the annual revenues of 2013 and 2014.
The assistant auditor, a 31-year-old Egyptian, found difference in amounts on receipts and those saved in the electronic system. "All the relevant electronic transactions pertaining to the parking revenues were processed by M.A.," the witness said.
mary@khaleejtimes.com


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