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Bank officer accused of bid to embezzle Dh500,000

January 26, 2014

The Asian bank officer allegedly abused his post and accessed bank accounts of three customers and transferred Dh500,000 from their accounts to the account of his friend. An Asian bank officer has been referred to the Criminal Court by the Abu Dhabi Finance Prosecution on charges of attempting to siphon Dh500,000 from bank customers by abusing powers entrusted on him. The prosecution ordered the accused to be remanded in police custody until he goes on trial. Another Asian man, an accomplice who is at large, has been also referred to the court to be tried in absentia under the same case. The probe conducted by the Abu Dhabi Finance Prosecution, which is tasked with investigating financial crimes, showed that the bank reported that a staff employee had abused his post and accessed bank accounts of three customers and transferred Dh500,000 from their accounts to the account of his friend the second suspect in another bank. On being questioned, the accused confessed to the attempted misappropriation of funds and forging customers' signatures. It was revealed that the second accused fled the country. A source at the Abu Dhabi Attorney General's office underscored the fact that every bank customer should keep an eye on their bank transactions and read carefully any SMS sent by their banks. He highlighted the importance of the SMS notification that most of the local banks offer their customers, which helps in detecting crime as early as possible. This facility enables bank customers to be aware of their balance, and debit and credit movements. The official advised anyone receiving a SMS from his/her bank about a transaction made without his/her knowledge to contact the bank right away and register a complaint. news@khaleejtimes.com


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Source: Khaleej Times (United Arab Emirates)


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