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03 October 2023

Dh4.9m forgery case unravelled, two held

By Mohammed Al Sadafy

Sharjah Police arrested two Pakistani nationals on Wednesday for forging documents and obtaining bank loans worth Dh4.9 million.

One of the accused worked as a customer service officer at one of the banks operating in the country while the other is an investor.

Police disclosed that the customer service officer exploited his position with the bank and facilitated the loans to the Pakistani investor through forged documents of Emiratis.

Colonel Mohammad Rashid Byat, Director of the Sharjah CID, pointed out that the suspects used forged documents, including passport photocopies of Emirati women and forged salary certificates of those women who were in managerial positions and received a high salary.

Colonel Byat added that the bank employee opened bank accounts for four ladies in Dubai and Ajman, and forged personal loan applications for Dh1.225 million in the name of SMS, Dh1.29 million in the name of MJA, Dh850,000 in the name of RMTH, in addition to Dhs1.4 million as a commercial loan in the name of LJM.

“The loan applications were made with passport copies that were stamped by the employee of the bank, who claimed to have met the women and saw their original passports,” said Colonel Byat.

After the Emirati women’s applications were submitted, salary transfers were made. The procedures enabled issuance of loans and cheque books.

When the collection department of the bank faced problems with the loan repayments, the bank became suspicious as none of the clients responded when the bank tried to contact them.

The matter was then referred to the bank’s headquarters, which rechecked the loans and documents and discovered that they were all forged.

The CID investigated the case and arrested the two main suspects, STH, who worked as a bank employee and the businessman NSY, who is also a Pakistani national.