Picture used for illustrative purpose only.
Ehab Atta, Staff Reporter
An Arab businessman, with the help of a Gulf employee, fabricated a seal of a UAE bank and used it to forge a bank guarantee letter for Dhs917,000, which the first defendant used in a real estate construction deal.
According to Dubai Public Prosecution’s investigations, the case dated back to 2014.
Witnesses testified that a private school wanted to build a gymnasium and issued a tender for which a number of companies made bids. The bid submitted by the defendant’s company was awarded the tender.
The school and the bidder agreed on the detailed conditions, which included the need for the bidder to submit a bank guarantee letter equal to 10 per cent of the value of the deal so that the company would have the right to obtain a first payment of the contract.
As a person in charge of the company, the first defendant submitted a bank guarantee letter with the said amount.
After a while, however, work in the project was suspended and the first defendant disappeared.
The school submitted the bank guarantee letter to the bank to discover that it was fake.
Defendants exploited a security gap in a government organisation’s website, and used their authority in transactions to renew a number of trade licences without payment of an estimated Dhs6 million fees.
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 Dubai Public Prosecution referred two Asians to the criminal court for impersonating police officers, kidnapping a man and robbing him of Dhs5000 and other belongings.
The system includes workers in the federal government sector and the private sector, both citizens and residents.
The trio, whose names were leaked in the Swedish press ahead of the announcement, succeeded in producing these tiny components, that "now spread their light from televisions and LED lamps, and can also guide surgeons when they remove tumour tissue, among many other things," the jury said.
Early voting on whether to recognise Indigenous Australians in the constitution and create a "Voice to Parliament" to give them an avenue to advise the government on matters affecting First Nations Australians began on Monday.
The client reportedly obtained financing for investment certificates and agreed to pay it in monthly installments. He also obtained a credit card with a monthly salary guarantee, but he did not commit to repaying it.