Quotes: US 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

 






  MENA News Headlines
 Aug 20 2014 - China detains Chan's son in anti-drug bustArab News
(MENAFN - Arab News) BEIJING: The actor son of Hong Kong action superstar Jackie Chan has been detained in Beijing on drug-related charges the latest high-profile celebrity to be ensnared in one of ...

 Aug 20 2014 - Washington wins ugly against Johnny Manziel and ClevelandArab News
(MENAFN - Arab News) LANDOVER Md.: For anyone curious about the state of the Washington Redskins two games into the preseason and 19 days from the regular season opener they need only refer to the ...

 Aug 20 2014 - De Kock ties record as South Africa beats ZimbabweArab News
(MENAFN - Arab News) BULAWAYO: Quinton de Kock tied a One-Day International record as South Africa beat Zimbabwe by 61 runs on Tuesday to take a 2-0 lead in the three-match series.The 21-year-old ...

 Aug 20 2014 - Verstappen 16 to become youngest F1 driverArab News
(MENAFN - Arab News) MILAN: Sixteen-year-old Max Verstappen will become the youngest driver in Formula One history next season after being unveiled as Toro Rosso's new signing.The Dutch teenager son ...

 Aug 20 2014 - Pakistan mourns squash great Hashim KhanArab News
(MENAFN - Arab News) KARACHI: Pakistan Tuesday mourned its first-ever world champion in any sport squash star Hashim Khan who died in the United States as former players paid tribute to an all-time ...

 Aug 20 2014 - Suarez pledges to not bite again with BarcelonaArab News
(MENAFN - Arab News) BARCELONA Spain: Luis Suarez is ready to put his biting days behind him.The Barcelona striker was officially presented to fans on Tuesday at an event delayed for more than five ...

 Aug 20 2014 - Djokovic Federer seeded 1-2 for US OpenArab News
(MENAFN - Arab News) NEW YORK: Top-ranked Novak Djokovic is seeded No. 1 for the US Open and five-time champion Roger Federer is No. 2 meaning they could meet only in the final.Djokovic beat Federer ...

 Aug 20 2014 - Garcia-Lopez Nieminen advance at Winston-SalemArab News
(MENAFN - Arab News) WINSTON-SALEM: Spain's Guillermo Garcia-Lopez and Jarkko Nieminen of Finland won their second round matches at the ATP Tour's Winston-Salem Open at Wake Forest University on ...

 Aug 20 2014 - AFC final 8: Advantage Al AinArab News
(MENAFN - Arab News) DOHA: Al Ain of the United Arab Emirates have one foot in the semifinals of the AFC Champions League after a convincing 2-0 victory on Tuesday over Saudi Arabian giants Al ...

 Aug 20 2014 - Delhi police arrest two over hotel rape allegationArab News
(MENAFN - Arab News) NEW DELHI: Indian police have arrested two men accused of raping a nurse at one of New Delhi's top luxury hotels a senior officer said Tuesday days after the prime minister used ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help