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Bank manager gets five-year jail for Dh26M embezzlement from customer's account DH19M COURT huge sums he embezzled. Both mobile number on 46 cheques, ROUND-UP faced

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Bank manager gets five-year jail for Dh26M embezzlement from customer's account DH19M COURT huge sums he embezzled. Both mobile number on 46 cheques, ROUND-UP faced forgery, embezzlement, worth a total of Dh8.5 million, he fraud and money laundering falsely claimed were issued by charges. The accomplice, who him," the witness stated. Marie Nammour has been sentenced to three worth transactions of During investigation, it became years in all, was only deared of tranfer was made to clear the new mobile number the embezzlement charge. which was used by the manager DUBAI-Abank branch manager The complaint was mistered accomplice's account belonged to an Emirati trader and who ember led Dh26 million at Al Rashidiya police station from the account of a customer The holder of the account, an the branch's files. He also kept know either the defendant or the after forging forms, has been Emirati retiree, 55, said the first him in the dark an essential infor victim. I don't have any idea how sentenced by the Court of it accused was managing his ac mation like statements of account my wife's number was used in the Instance to five years in jail counts at the bank I did not fill and SMS alerts. He then issued victim's file at the bank, the The 12-year-old Emiratiman in or sign any money transfer cheque books in the complain-60-year-old trader said. bed his powers at the bank forms from my account to any antrame. He made four money The new PO Box number be to for money transfer forms and other account, I did notissue any transfer transactions from his ac longs to a pest control company chopes on several occasions over cheques I did not tell that man count to the account of his accom"We don't have any accounts at span of four years, in the name of ager to do any such transactions plice totaling Dh1.9 million," the that bank. However, envelopes the Emirati account holder and on my behalt consultants From the branch were constantly fake his signatures on the docu A senior legal consultant at the "He handed his accomplice sent to us. I never opened them ments. The court ordered him to bunk said the branch managerem cheque worth Db3.8 million lle because they were not sent to me pay a Dh26 million fine. berded in total 26 million from transferred Dh11 milion later or my company," a 46-year-old Hi Emirati accomplice who the complainant's account from from the same account to another Indian businessman told the po is an administrative officer, 30) November 2010 to July 2014 account. The branch manager lice, adding the name on the en- opened to accounts at another "He changed the complainant's faked the account holder's sigurvelopes was the victim's bank to which he transferred the mobile number and his PO Boxinture and wrote the complainant's othalestimaa

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