Duo jailed in Dubai for embezzling Dh3m from armed forces' account

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Duo jailed in Dubai for embezzling Dh3m from armed forces account

Dubai - The convicts forged the cheques for the benefit of some trading firms belonging to their accomplices

by

Marie Nammour

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Published: Wed 29 Nov 2017, 3:56 PM

Last updated: Wed 29 Nov 2017, 5:59 PM

Two Tunisian men, who embezzled more than Dh3 million from the account of the armed forces at a local bank (the plaintiff) after forging cheques, have each been sentenced to three years in prison.
The convicts forged the cheques for the benefit of some trading firms belonging to their accomplices.
The Court of First Instance earlier heard that the duo - an unemployed man and a sales manager in their thirties - gave the forged cheques to a Bangladeshi, a German and an Egyptian to deposit them in their corporate accounts by ATM.
The two Tunisians were also planning to embezzle another Dh3.4 million using the same fraudulent method. Their Bangladeshi accomplice deposited a forged cheque worth Dh3.4 million in his trading firm's bank account to cash it later. But the operation was rejected and halted by the bank administration. 
The case dates back to January and was registered at Al Muraqqabat police station.
The three accomplices - all businessmen - have been found guilty of charges of aiding and abetting the main defendants in the embezzlement and forgery crimes. The court sentenced each of them to two years in jail.
The three businessmen are believed to have helped the main accused by giving them the details of their corporate bank accounts so that the forged cheques could be deposited. They encashed the amounts and handed them to the two Tunisians. They got commissions of 5 to 10 per cent out of the embezzled amounts.
Two other businessmen have been acquitted by the court. One of them was accused of sheltering the accused and helping them escape justice by transporting them around and hiding them in his flat, where the accused were arrested. The other businessman was accused of failing to report the wanted men to authorities.
All the convicts will be deported after completing their jail terms.
"The withdrawals took place on several occasions in January. After sending the bank (the plaintiff) a copy of one of the cheques deposited by one of the accused in ATM on January 31, the other bank sent us a letter that the cheque was forged," the Emirati legal representative of the bank, where the accused deposited the forged cheques, told the prosecutor.
The court ruling may be appealed within 15 days.
mary@khaleejtimes.com


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