Dubai’s police arrested a European company manager on charges of swindling at least Dh8 million from the firm.
Company probe discovered that the unnamed manager forged documents to buy a villa from the firm’s funds for nearly Dh7.58 million.
He also credited into his bank account a sum of Dh269,000 as presumed school for his children plus other funds he swindled from the company’s coffers.
“He used his position to extort large sums of money from the company exceeding Dh8 million… the manager will soon be tried at the criminal court on charges of extortion and forgery,” Al Bayan daily said.
