An Arab man working as a manager in Dubai has been sentenced with three years’ imprisonment and a fine of AED787,000 for forgery and embezzlement in the company he worked at in Dubai.
In a report on Gulf Today, official records reveal that the company’s accounting department has discovered the defendant’s illegal actions. The suspect reportedly forged payment receipts.
The defendant worked at the company since 2014 and until 2017. He used his position to manipulate documents and embezzle large amount of money in different company transactions.
The company confronted the defendant with his crimes. He confessed into his crime and then signed cheques which he said would return the money back.
However, the cheques he signed did not work. The company filed against him into the police and he was arrested.
There was also another case involving a manager and assistant, where the two were prosecuted by a Dubai court for embezzling AED818,000 from a Dubai institution.
The incident took place last July when a representative of the institution filed a case against the manager and his assistant.
The representative said that the institution runs 55 companies, and he was called in by the owner to explain a AED1,000 difference of a receipt value.
The witness then verified with the accounting department and investigated the missing money.
The assistant then confessed that they forged receipts with the help of the manager.
The company found out that 180 receipts were forged during a span of four years. The defendants were able to get AED818,000 without getting caught.
One of the defendants left the country without a trace while the assistant tried to clear his name on the embezzlement and forgery case. (TDT)
