Pair accused of defrauding Dubai bank of almost Dh1m

Two men are accused of making several forgeries to take out loans and credit cards with Dubai Commercial Bank.

DUBAI // Two men are accused of making several forgeries and using them to take loans from Dubai Commercial Bank.

G M, 37, and E M, 22, are both charged with forging an ID and a bank statement. G M alone is charged with the use of forged documents and with fraudulently obtaining Dh480,000 from the bank as a loan and Dh14,000 through a credit card.

E M is also charged with attempting to fraudulently obtain Dh490,000 as a loan from the same bank by submitting the forged papers.

Prosecutors told Dubai Criminal Court that the pair were caught in September last year after a tip-off to police.

During investigations, E M allegedly confessed and said that a third man who had left the country provided them with all the forgeries they needed for the scam and, in return, he demanded a Dh5,000 monthly salary.

Police arrested the men in a car outside the bank as they were signing the loan papers.

S A, head of anti-fraud unit at the bank, testified that G M used forged documents to open a bank account under a different name after submitting papers to prove his fake identity.

“He also submitted a letter from his employer and, after double checking, he was not an employee at that company, so we coordinated with police and found that the identity he impersonated did not exist,” said S A.

This discovery prompted the bank to go through all its loan applications, which resulted in the arrest of E M at Deira City Centre Metro Station in coordination with police, he added.

According to records, E M confessed that he was assigned to carry out the scam by a man in Pakistan who booked his ticket to the UAE and provided him with all the necessary forged papers.

“I would have earned Dh5,000 in total for my role,” E M said in records.

Both men denied all charges in court.

The next hearing is on October 27.