UAE | Crime
Kalba court sentences bank employee and accomplice to jail for Dh900,000 scam
A bank accountant was jailed for six years by the Kalba Criminal Court on Sunday after he was found guilty of illicit financial conduct.
- By Fuad Ali, Staff Reporter
- Published: 17:32 October 5, 2008
Kalba: A bank accountant was jailed for six years by the Kalba Criminal Court on Sunday after he was found guilty of illicit financial conduct.
The Egyptian national was accused of using Dh900,000 of the banks money for currency trade and forging accounts and cheque to cover up.
A second man, an Emirati who received and traded with the money, was also jailed for two years and both men were ordered to pay back the Dh900,000 sum with interest.
The pair was caught by chance when a bank audit team made a surprise inspection visit in December 2007, two weeks after the money was taken out by the first suspect.
In his attempt to balance the books, the accountant forged a cheque of an unsuspecting client but, by then, the audit team already uncovered the scam.
Police were soon called-in and during interrogation the bank accountant admitted to the scam and led investigators to the second suspect.
The bank accountant was charged by the Kalba Public Prosecution with scam and betrayal of responsibility and the second suspect was charged with assisting in a criminal scam.
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