Court to hear more witnesses in DIB fraud case

Dubai Criminal Court denies bail to the seven accused

The Dubai Islamic Bank fraud case, wherein seven people are accused of embezzling Dh1.8m, has been adjourned to December 12 to hear more witnesses.

In the previous hearing Dubai Criminal Court refused to grant bail to the seven accused -  UH, Pakistani, 29, former financing department manager; RU, Pakistani, 50, deputy manager; three British businessmen CM, 48, RL, 54, and AF, 58; and two fugitives ZU, American and AI, Turk, AI, 36.

In a hearing prior to that five of the accused had denied the accusation. In Wednesday's hearing the defence lawyers asked for bail again despite the Presiding Judge Fahmi Munir ordering them previously not to make such a request to the court.

After sending Dubai Islamic Bank’s Dh 1.8m embezzlement case to the Dubai Public Prosecution for re-investigation, the Dubai Criminal Court resumed hearing the case and five of the seven accused denied their renewed charges.

According to the accusation sheet, the seven were accused of embezzling money from Dubai Islamic Bank and deliberately helping others to embezzle public funds, causing intentional loss to the government and its interests, making illegal profits and forging and using forged unofficial documents.

The bank’s former employees UH and RU were also accused of intentionally allowing the American, ZU to embezzle $2m (Dh7.36m).

UH and his deputy RU denied abusing their public service and deliberately helping four of the accused to embezzle Dh1.8bn.

The Prosecution has also accused UH and RU of collecting bribes worth $750,000 and $950,000, respectively, against accepting forged documents and bogus receipts, which were provided by the five others.

Defence lawyers including Dr Habib Al Mulla, Abdul Aziz Al Matroushi, Salah Beloushi, Yousuf Ali and Samira Gargash said the documents used to file the accusation were bogus and forged.
 

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