The Court of First Instance in Dubai has charged a former Indian bank manager with embezzling more than AED120,000 from a customer’s account.
The former manager, who is absconding, used to fake the signature of the woman who holds the account on withdrawal forms and transfer the money to the account of an accomplice.
Two transfers of AED80,000 and AED40,000 were made in 2017.
The fraud was detected when the bank received a fax to transfer AED1 million from the customer’s account to an account in India. When bank authorities contacted the woman, she said she had not initiated any such transfer application.
The manager was charged in absentia with fraud and embezzlement, attempted fraud, and forgery.