The emirate is home to 68,500 millionaires with at least $1 million in liquid assets and 206 centi-millionaires
uae1 hour ago
The Public Funds Prosecution in Dubai referred a public relations officer (PRO) to the criminal court on charges of misappropriating approximately Dh44,600 worth of funds from a public institution, and intentionally harming the property and interests of the entity.
Counsellor Salem Ahmed bin Khadem, senior chief prosecutor at Public Funds Prosecution, who initiated the investigation into the case, said that as per the prosecution’s investigation, the PRO worked for a public institution in Dubai. His role involved carrying out company transactions with various government departments, receiving funds from the company to complete those transactions, and submitting the transaction receipts to the accounts department.
The accused worked in the company for about eight months before the case was discovered.
The victim company reported that the accused had been given an amount of Dh44,671 in instalments by the finance department, as per the company system, in order to complete the required transactions with various departments.
When the company conducted an internal audit, the accused failed to present the receipts for those transactions and admitted that he’d used the money instead. He requested a week’s time to pay back the money which he had misappropriated.
The company then reported the case to the police station. The ensuing investigation found that due to the accused’s failure to clear the transactions and pay the labour fees for staff visa applications, he caused other financial damages to the company as well.
The accused has been referred to the criminal court to be penalised according to the chargesheet.
The emirate is home to 68,500 millionaires with at least $1 million in liquid assets and 206 centi-millionaires
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