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UAE - Man in dock for Dh1 million embezzlement  Join our daily free Newsletter

MENAFN - Khaleej Times - 18/12/2013

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(MENAFN - Khaleej Times) The accused has been referred to the criminal court by the Abu Dhabi Financial Crimes Prosecution on charges of misappropriating Dh980,000.

A Gulf citizen, employed with a local government body, has confessed to embezzling nearly Dh1 million from his workplace. The accused has been referred to the criminal court by the Abu Dhabi Financial Crimes Prosecution on charges of misappropriating Dh980,000.

The government body where the defendant worked discovered that he had transferred the sum from their bank account to his.The accused, who was in charge of making financial transfers to contractors, took advantage of his designation to get access to the financial accounts system to make the illegal transfer.

During interrogation, he admitted to the crime, saying he did it to harm his employer. The accused has returned the stolen amount, including a certain sum his bank had deducted as part of a monthly installment. As per the UAE law, embezzlement is punishable with a jail term and a fine equalling the misappropriated amount.

 






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