Bank worker embezzled Dh6 million ‘using forged documents’, Dubai court hears

Prosecutors said that between 2010 and 2011, two personal loans representative carried out an elaborate scam to defraud the United Arab Bank.

DUBAI // A bank worker embezzled more than Dh6 million by applying for loans with forged documents, the Dubai Criminal Court heard on Sunday.

Prosecutors said that between 2010 and 2011, personal loans representative S Z, 42, had his accomplice N S, 30, both from Pakistan, carried out an elaborate scam to defraud the United Arab Bank.

N S is charged with forging work licences from the Ras Al Khaimah and Umm Al Quwain economic development departments, as well as Emirati passports and salary certificates.

He then gave these forged documents to S Z, who applied for loans for people who did not exist.

Once the loans had been approved, N S allegedly paid them into bank accounts created in the fake names.

The total amount of the loans was Dh6.52 million.

The embezzlement was discovered when employees found that one of the passport copies attached to a loan applications was a forgery. The the audit department checked S Z’s work and found out that five other loan applications were also forged.

NS appeared in court on Sunday but was not asked to enter a plea.

S Z, who was not present in court, is charged with forging and using forged bank applications and with fraudulently obtaining the money.

A verdict is expected later next month.