A bank employee from the United Arab Emirates tricked a privileged client and stole a large sum of money from his organization.
In the UAE, a bank employee is accused of deceiving a privileged customer. It is reported that the fraudster - a citizen of Saudi Arabia - contacted a client - a well-known emirate businessman - and said that the bank wants to provide him with a large loan of 10 million dirhams ($ US 2.7 million) against one of the businessman’s real estate in Abu Dhabi .
After several meetings, the emirate provided the employee with copies of his personal documents for the operation. Later, the bank’s anti-fraud, corruption and money laundering department found that an employee had forged several papers and signatures, provided incorrect data, and then took the money and disappeared.
The department auditor reported this to the police. A preliminary investigation revealed several fraud and financial irregularities. Reportedly, a certain woman of Chinese descent was also involved in the scam. She pleaded not guilty to a Dubai court of first instance.
Saudit is accused of abuse of authority in a state bank, forgery of official documents and electronic transactions and the appropriation of 10 million dirhams, which were allocated to the businessman as a loan.
The trial is ongoing.
