Four on trial for offering bribe to get bank loans

dubai — Four men, who allegedly offered a bribe to a bank employee for getting them approval on loans from his administration, have been charged in a Dubai court.

Public prosecution records show the four men, two Pakistanis and two Indians, aged between 28 and 45, offered the bank employee 10 per cent of the bank facilities and loans he would help get approved by his administration. They also allegedly submitted forged papers, including a salary certificate falsely stating that one of them — a Pakistani — was working as a sales executive and earning Dh22,500 as monthly salary.

They also allegedly forged and used other documents that included a forged copy of a bank statement, a forged copy of an Emirates resident ID and a passport with a forged residence visa copy. They were all charged in the Court of First Instance with offering a bribe to a public employee in exchange for unlawful favours, forgery and use of forged documents.

The case dates back to February 10, 2017, and the attempted fraud was reported to Al Muraqqabat police station on March 1, 2017.

The first Pakistani defendant admitted to investigators to the attempted fraud and forgery charges. He confessed he contacted a friend (a runaway accomplice), telling him he had been facing financial troubles after he lost his job. The latter then told him he knew some people in banks and could obtain bank loans with forged papers. He then introduced him to the other accused.

That friend then applied for a loan and managed to get a loan of Dh40,000, out of which the main defendant got Dh30,000. They applied for other loans for three more times and obtained them by submitting forged papers to banks and split the money. The trial has been adjourned to February 7.