A banker embezzles clients' money for the benefit of his wife

A banker, who works as the assistant head of the mortgage department in a local bank, took advantage of his position and embezzled more than 800 thousand dirhams, transactions that were supposed to be registered in the names of customers, and collecting fees from them and deposited with the bank, but he was taking it for himself, and falsified a check in the name of his wife in the framework of his practices Illegal bank.

The Dubai Criminal Court convicted the defendant of the crime of embezzlement and forgery, and the use of forged documents, and sentenced him to one year imprisonment, and obliged him to pay a fine of 828 thousand dirhams.

According to investigations conducted by the Dubai Public Prosecutor, the crimes committed by the convict were for two years at the bank branch in Al Muraqqabat, until his discovery, after suspicion of his practices, and an internal investigation, was arrested by the police.

The head of the bank's anti-fraud department said that the defendant was responsible for registering the properties financed by the bank with the Dubai Land Department for the benefit of the bank's customers who received mortgage loans.

He added that it is his duty to register the real estate with the developer, before collecting the fees by the client, which he must later, to deliver to the bank.

He added that after suspicion of the accused's practices, an internal investigation was conducted, and it was found that he was embezzling the fees received from clients and not deposited by the bank, and that he did not record them in the interest of customers.

He pointed out that the internal investigation at the bank concluded that he had taken the fees collected from customers several times, until the total fee embezzled about 261 thousand dirhams, in addition to a transaction worth 635 thousand dirhams, when he forged a signature on a check and listed the name of his wife as a beneficiary of the check Instead of the real beneficiary.

The defendant pleaded guilty to his crimes during the bank's internal investigation. He denied this before the court, which convicted him and sentenced him to one year, a fine of 828 thousand dirhams, and deportation after serving the prescribed penalty.