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.
Al Junaibi added that the duo committed fraud by using one of the IT means, punishable as per the Federal Penal Code.
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.
Priority would be given to those who are registered in the Hajj electronic system and whose data have been previously updated.
"The FNC is confident that the UAE, under President His Highness Sheikh Mohamed, will see a new era of achievements and development. The country will continue to be the nation of giving, tolerance, safety and security," Ghobash said.
The move, which will bring total available funding for projects over the next 15 months to $30 billion, was unveiled hours before a major United Nations meeting on global food security.