Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Eight jailed and fined for Dh16 million embezzlement  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Eight other Emirates Transport employees, including five Indians, one Sudanese and two Pakistanis, were also charged with being an accessory to the crime.



Emirates Transport employees falsified electronic data pertaining to the tyres in the company's system



A software programmer and a purchase coordinator, who were both employed with Emirates Transport, have been sentenced to five years in prison each for embezzling tyres worth more than Dh16 million



The two accused, who are Pakistani nationals, T.M. and M.E., aged 36 and 55, are also accused in the Court of First Instance of falsifying electronic data pertaining to the tyres in the company's electronic system



Eight other Emirates Transport employees, including five Indians, one Sudanese and two Pakistanis, were also charged in court with being an accessory to the crime



Of these eight, six were convicted, while two were cleared of all charges



These accused held positions such as manager assistant, warehouse keeper and PRO, as per court records



The six convicts were ordered to pay fines ranging from Dh895,000 to Dh3.8 million and repay the amounts they were charged with embezzling



All accused are described as public employees in the prosecution charge sheet



T.M. was ordered to pay a Dh415,000 fine and repay the embezzled amount to Emirates Transport



The court ordered that all the convicted defendants be deported after serving their prison time



A legal consultant told the investigating prosecutor that the embezzlement was discovered after the software programmer logged on to the company's electronic system to falsify the data pertaining to spare parts



"The Information Department kept him under close watch and it was learnt that the company's financial discrepancies were caused due to what the programmer was doing.



The defendant was not entitled to log on to the warehouse software, the consultant said



The verdict is subject to appeal within 15 days

 


Khaleej Times




  MENA News Headlines
 May 6 2015 - Uzbek official who played role in Karimova case charged with corruptionThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Uzbek official responsible for confiscating the assets of disgraced presidential daughter Gulnara Karimova has been charged with corruption and abuse of ...

 May 6 2015 - Iraq- Six killed in Baghdad car bombingThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Police say a car bomb near the Baghdad headquarters of a Shi'ite militia fighting the Islamic State jihadist group in Iraq killed at least six civilians May ...

 May 6 2015 - Croatia struggling to exit recession, commissionThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Latest European Commission prognosis says Croatia's economy is slowly exiting recession after six years - still battling a large budget deficit and a debt ...

 May 6 2015 - Romanian media crisis worsens, report saysThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The mass media in Romania face a major crisis, a new report by the Romanian Center for Independent Journalism says.Conditions for the mass media in Romania ...

 May 6 2015 - PAYS stresses Kuwaiti squash developmentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Chairman and Director General of the Public Authority for Youth and Sport (PAYS) Sheikh Ahmad Al-Mansour Al-Ahmad Al-Sabah stressed the importance of coordination ...

 May 6 2015 - Malay David takes ninth women's Asian squash title in KuwaitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Malaysia's Nicol David won her ninth women's Asian Individual Squash Championship in Kuwait on Tuesday as Leo Au of Hong Kong snatched the men's title from ...

 May 6 2015 - De Mistura starts Syrian peace talks In GenevaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) United Nations Secretary-General's Special Envoy on Syria will start on Tuesday in-depth separate consultations with Syrian stakeholders and regional and ...

 May 6 2015 - Kuwait congratulates Prince Saud Al-Faisal, his successorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah has expressed sincere congratulations to the former veteran Saudi ...

 May 6 2015 - His Highness KuwaitAmir in Riyadh for GCC summitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and his accompanying delegation arrived at Riyadh Air Base in Saudi Arabia on Tuesday to chair the ...

 May 6 2015 - His Highness the Amir heads to Riyadh for 15th GCC Consultative meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah departed the country on Tuesday accompanied by an official delegation to attend the 15th ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help