Dubai: Five men stood trial Thursday on the charges of trying to defraud a local bank of nearly Dh4 million using forged documents.
Prosecutors accused the defendants of attempted swindling and defrauding of the bank by using forged documents in trying to transfer money from one company's account to that of another company.
The defendants are identified as an Indian waiter, H.A., and four Pakistanis, M.K., M.H., M.A. and A.R.
M.K., who is a business partner, failed to appear in the Dubai Court of First Instance this morning. The remaining suspects were brought from detention. They denied the accusations and pleaded innocent before Presiding Judge Jasem Al Beloushi.
According to the arraignment sheet, prosecutors say the defendants forged a residency visa and submitted it with an application to the bank to transfer money from one account to another.
Fishy transaction
Prosecution records claim the defendants tried to fraudulently transfer Dh4 million from the bank account of a development company to that of a commercial firm. One of the suspects (M.K.) allegedly posed as the development company's employee, who was in charge of submitting the money transfer form, and applied to the bank employee to transfer the money.
The bank's forgery risk management section foiled the defendants' alleged attempt after it discovered what was described as ‘fishy transaction'.
M.A. and H.A. told the court yesterday that they were not connected with the incident and had nothing to do with what happened. A Sudanese employee said he worked for the forgery risk management section that doubted the application. "We suspected the application because of the form in which it was filled in… we had had a similar application before that turned out to be forged."
