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 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.
Two Asian salesmen have landed in the criminal court for stealing electronic devices worth over Dhs81,000 from their workplace in Dubai.
The suspect used the authority given to him to convince a client company to write a Dhs500,000 cheque under his name and encashed it.
Expatriates living in the UAE were elated as their family members, colleagues, friends stuck in other countries are now able to return as the UAE has lifted restriction on incoming flights from Monday onwards.
The Committee explained that the new guidelines take into account the exceptional situations of some categories of people including people of determination, children, and those with chronic respiratory conditions.
The UAE will today (Monday) start receiving residents with valid residence visas, who were stranded abroad due to coronavirus pandemic from various countries.