Photo has been used for illustrative purposes.
Sohaila Ahmed, Staff reporter
A local bank has been accused of swap fraud of SIM card that lead to a customer’s nearly loss of Dh5m of his life savings. Such judgment is the first of its kind in the UAE.
The case dates back to 2017 when the man’s money was stolen from his account which the bank had then closed without his knowledge, Dubai Commercial Court was told.
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Ghassan El Daye, Partner and head of litigation Middle East with the UK-based law firm Charles Russell Speechlys, said “Our client, used to work in UAE but moved out of the country leaving behind Dh4.6m in a personal savings account he opened in 2015.”
The man visited the UAE in May 2017 and used his ATM to withdraw cash, but found his account empty.
A company owner was defrauded after he received a cheque which was supposed to help him clear his debts, but he found the cheque was worth Dhs350, instead of Dhs350,000.
Defendants faced charges of forming and forging documents to embezzle $1.7 million or Dhs6.2 million from bank accounts belonging to a businesswoman, who was a customer of a UAE bank.
The Department of Municipalities and Transport, represented by the Integrated Transport Centre (ITC) Abu Dhabi, said individuals who will use the Abu Dhabi Traffic Toll Gate can recover the balance of the electronic payment account in two cases only: selling the existing vehicle or buying a new one in accordance with the ITC procedures.
Dassault was the eldest son of late French billionaire industrialist Serge Dassault, whose namesake Dassault Aviation , builds the Rafale war planes and owns Le Figaro newspaper.
It is International Women’s Day today. Let us express our gratitude to everyone across the globe who have either toiled or effortlessly promote for women’s emancipation and partnerships in all fronts since the 1900s.
Francis, on a historic first visit by a pope to Iraq, visited the northern city to encourage the healing of sectarian wounds and to pray for the dead of any religion.