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Banker swindles Dh828,000 from clients

A Dubai court sentenced a banker to one year in prison and ordered him to return nearly Dh828,000 he had swindled during his work for a bank in the emirate.

The court also ordered his deportation from the country after he was convicted of stealing the funds from the bank in Muraqabat area.

Police arrested the unnamed banker, who was deputy manager of the mortgage section, after auditors discovered that he was forging documents to transfer clients’ money to his account and to his wife.

Court was told that he has swindled a sum of Dh200,000 from fees paid by clients for mortgage services over a period of two years.

He also forged documents allowing the transfer of Dh635,000 from a client’s account to his wife.

Staff Report

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