Bank manager embezzles funds from a customer's account - GulfToday

Bank manager embezzles funds from a customer's account

Dubai-Court

Picture used for illustrative purpose only.

Dubai court has charged a former manager of a bank for embezzling more than Dhs120,000 from a company account.

The Indian manager faked the customer's signature on a withdrawal form and transferred the amount to a account of his accomplice.

The case came to the attention of the bank  when he tried to embezzle another Dhs1 million from the same account.

Due to the transfer form having an old date, the bank called the owner of the account to verify the application.

The bank manager has been charged in absentia with fraud and embezzlement, attempted fraud and forgery.

The accomplice has been charged with aiding and abetting in the said crimes.

The embezzlment was carried out between May 2017  and February 2018.

The trail has been adjourned to July 2.