by: Salam Al Amir
A bank worker embezzled more than Dh6 million by applying for loans with forged documents, the Dubai Criminal Court heard on Sunday.
Prosecutors said that between 2010 and 2011, personal loans representative S Z, 42, had his accomplice N S, 30, both from Pakistan, carried out an elaborate scam to defraud the United Arab Bank.
N S is charged with forging work licences from the Ras Al Khaimah and Umm Al Quwain economic development departments, as well as Emirati passports and salary certificates.
The total amount of the loans was Dh6.52 million.
The embezzlement was discovered when employees found that one of the passport copies attached to a loan applications was a forgery. The the audit department checked S Z’s work and found out that five other loan applications were also forged.
NS appeared in court on Sunday but was not asked to enter a plea.
S Z, who was not present in court, is charged with forging and using forged bank applications and with fraudulently obtaining the money.
A verdict is expected later next month.
Source: thenational
Corruption and Bribery
Human Resource Vetting
Matrimonial Verification
Medical Staff Verification
No Workplace Violence
Pakistan Criminal Records
Reputational Compliance
Teacher Verification
Tenant Risk Verification
Workforce Verification