Asian gang lands in court over fraud

The Gulf Today - - HOME - BY EHAB ATTA

The Dubai Crim­i­nal Court on Sun­day com­menced trial against a gang of ive Asians in­clud­ing a man­ager, still at large, on charges of ma­nip­u­lat­ing the ac­counts of the com­pany they worked for and em­bez­zling Dhs2.238 mil­lion.

A inan­cial con­trol ex­pert at Dubai Ruler’s Court said the inan­cial man­ager of a state-owned com­pany was the master­mind of the crime, adding he was as­sisted by four com­pany em­ploy­ees in­clud­ing the trea­surer, an ac­coun­tant, an ac­count man­ager and an ex­ec­u­tive sec­re­tary.

The em­bez­zled money in­cluded un­law­ful dis­burse­ment of funds with­out be­ing sub­stan­ti­ated ofi­cially and il­le­gally grant­ing al­lowances, bonuses and re­mu­ner­a­tions.

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