Dubai bank worker ‘forged Dh1m loan and kept the money’

A bank employee forged a Dh1 million loan application and kept the cash, a court has heard.

Dubai // A bank employee forged a Dh1 million loan application and kept the cash, a court heard.

Egyptian M H, 33, was a client services manager for a bank in Al Qusais when he faked documents to open a second account supposedly for a Syrian client, A A, 40.

He then applied for a loan in July and forged the client’s signature.

When the loan was approved, the Egyptian opened another fake account, transferred the cash and spent it on himself, prosecutors said.

But his fraud was uncovered when the Syrian was informed the loan he had applied for had been approved.

“I was shown the documents and I saw that it was not my signature, so I lodged a complaint at Qusais police station,” the Syrian said.

The Egyptian’s sister, S H, 31, told the court he had given her an ATM card and documents and had asked her to hide them.

“The next morning police called me and told me what he had done. They asked if he kept any documents with me, so I handed it to police,” she said.

A police officer said the Egyptian had confessed during questioning and that he had used the money for personal entertainment.

But at Dubai Criminal Court on Tuesday he denied forgery, use of forged documents and illegally obtaining Dh980,000.

The next hearing was set for January 5.