Man held over Dh160m forged cheques

Abu Dhabi police arrested a man from another Gulf Arab country for depositing forged cheques with a value of Dh160 million with a local bank, a senior police officer was reported on Tuesday as saying.

The unnamed man, 42, denied he knew the three cheques were forged and told police that they were given to him by a friend who is wanted by the police, said Brigadier Hammad Al Hammadi, director of the detectives and criminal investigation department at the Abu Dhabi police.

Hammadi said police discovered the crime when a local bank informed them that a Gulf businessman deposited a forged cheque for Dh26 million.

“After investigation, we tracked the depositor and seized him…we found that he had deposited three forged cheques for Dh160 million in the account of his establishment,” he told the semi official daily Alittihad.

“He said that he was misled by a friend to invest the money in his construction company on the grounds his friend is wanted by police in financial cases.”
 

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