A Dubai Court has sentenced an accountant to 5 years in jail for embezzlement of funds.
The Dubai Criminal Court sentenced in absentia an Asian accountant to 5 years in jail. It will be followed by deportation and the Court fined him AED 170,000 on charges of embezzling funds that were in his possession and belonged to an establishment in which he worked as a financial officer.
RELATED STORY: Ex-Dubai bank staff, wife convicted in AED 5.23M embezzlement
In November 2020, a financial auditor in a government institution discovered violations committed by an accountant on the back of a complaint filed by a new recruit in which he said he had not received an advance that he applied for with the Finance Department.
The internal audit department conducted an investigation into the recruit’s complaint and found that the Finance Department had decided to pay his full salary, which he received through a bank cheque in the accountant’s name because his employment procedures had not been completed.
READ ON: 19 arrested for embezzling AED 183 million from law firm in Dubai
However, the accountant, whose nature of work required him to receive and audit invoices from suppliers, arranged for inter-bank and advance-related settlements and granting credit cards, abused his power.
The embezzlement was in excess of AED 2 million through a number of purchases in his favour when he was in his home country in Asia.
