A Palestinian finance manager at a bank allegedly stole more than Dh1 million from his employer by exploiting his position, the Dubai Criminal Court heard.
NA, 39, Emirati section head at the bank, suspected AJ, 41, finance manager, because of his abnormal behaviour at work and because he had not reported for work for two days without taking permission in June 2010.
“I asked the auditing section to check the transactions he had processed since part of his job was to carry out electronic clearings. The section found out that AJ had issued five cheques at a time when his account in the bank did not have sufficient balance.
“It was also found out that he had opened five accounts in different banks where he deposited the cheques. After receiving the cheques from the central bank, being in charge of the bank’s electronic clearing system, he deducted the value of the cheques from an account of the bank’s group instead of deducting them from his account. He then withdrew the amounts from his different accounts and fled the country.
“The bank attempted to communicate with him several times to solve the issue and make him pay back Dh1,021,800 but his mobile was off so the case was reported to the police,” NA testified.
The bank’s internal control manager repeated the same testimony.
The accused was not present in court which decided to reconvene on January 26.
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