Teller Report

Now you can see non-English news...

An investor and employee seize a million dirhams with a false guarantee letter

2020-02-27T13:00:47.495Z

The Criminal Court in Dubai commenced the trial of an Arab investor and a Gulf employee on charges of falsifying an official editor consisting of a letter of guarantee attributed to a local bank and using it to seize nearly one million dirhams from a private school signed a contract with the company of the first accused to build a gym and awarded him a contractor with a



The Criminal Court in Dubai commenced the trial of an Arab investor and a Gulf employee on charges of falsifying an official editor consisting of a letter of guarantee attributed to a local bank and using it to seize nearly one million dirhams from a private school that signed a contract with the company of the first accused to build a gym and gave him a contracted contractor in the amount seized, in exchange for a letter Ensure that it is confirmed later forged.

A witness from the school said that that private school was in the process of establishing a gymnasium and received tenders from a number of companies, including the first accused company, and awarded the tender to the latter, so a contract was signed with him in exchange for a bank guarantee of 10%, so the first accused brought a letter of guarantee in exchange for the first payment Of the contract, with a value of 917 thousand dirhams, but the company did not commit to implement the project according to the agreement concluded, the school submitted the letter of guarantee to the bank and the response came as a fraud, so it opened a complaint against the accused.

For his part, an engineer from the accused company said that he was discussing the project internally, and the accused told them that there is an employee working for the bank who can provide a letter of guarantee in exchange for 10% of the value of the guarantee, so the company agreed to this and that person brought a letter of guarantee, and it later turned out to be a fraud.

Source: emara

News/Politics 2019-10-13T14:31:13.561Z
news 2020/04/09    

© Communities 2019 - Privacy