Dubai banker steals Dh1.4 million from customers' accounts

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Dubai - He is also accused of unlawfully accessing e-data of bank accounts and forgery to make illegal profits.



By Marie Nammour

Published: Mon 30 Sep 2019, 3:20 PM

Last updated: Mon 30 Sep 2019, 5:26 PM

A former banker has been charged with embezzlement and breach of trust at the Dubai Court of First Instance after he allegedly siphoned off Dh1,420,500 from customers' accounts
According to public prosecution records, the 31-year-old Indian employee's financial irregularities ran from December 2018 to February 2019. A complaint was filed at Al Rashidiya police station.
The court heard how the defendant abused his post as a public relations officer at the bank to forge applications for transfer of funds from accounts that had been stagnant for some time.
He would change the customer's mobile number linked with the bank and then impersonate him/her when contacting the customer service section to seek the transfers into other accounts.
He is also accused of unlawfully accessing e-data of bank accounts and forgery to make illegal profits.
The man has been detained.
The financial transaction fraud section manager at the bank said they received a complaint from an Indian customer regarding the change of his personal details related to his account and that an amount of Dh 52,650 had been transferred from his account to another account without his approval.
"The customer said that another transfer of Dh12,000 was made from his account to the account of the defendant," the Emirati manager told the prosecutor.
During the police interrogation and public prosecution investigation, the former employee admitted to the embezzlements.
After being arrested, sums of money were seized from his place. He confessed the money belonged to the bank customers.
The trial will continue on October 14.
mary@khaleejtimes.com


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