The criminal court in Dubai started the trial of a (Arab) manager, who falsified with another escapee a letter of guarantee attributed to a local bank in the state, with a value of 11 million and 860 thousand dirhams, according to which he seized one million and 710 thousand dirhams from a real estate company, after agreeing with the victim company To implement a project that includes building a mosque in the Hatta district of Dubai.
An account manager at the victim's company said in the Public Prosecution's investigations that the company owners asked him to contract with an engineering consulting firm to build a mosque in the Hatta region, so the project was launched in a tender, and anchored to the company managed by the accused, who signed the contract on the basis of a value of 11 million and 860 One thousand dirhams, and before starting construction, his company paid an amount of one million and 186 thousand dirhams, 10% of the contract value, and in return, the accused company provided a bank guarantee of the contract value attributed to an Islamic bank in the state, and got the contractor provider, and after that she started carrying out some work, then I got another additional amount of 524 thousand dirhams.
The witness added that the company that the accused runs is suddenly stopped from completing construction work, and by reviewing it, it was revealed that the reason was the absence of the accused company manager, and confirmed that the company was going through financial hardship, so the victim company decided to provide the bank guarantee to the bank, and the surprise was in the bank’s response that the guarantee Forged and not issued.