Employee steals 10 million Dhs from client’s account

A senior customer account manager at a local bank took over 10 million dirhams from a customer’s account, profiting from customer data, in which he was tricked the customer into thinking he had access to 10 million dirham worth of privileges as a VIP customer.

The incident was caught after the transfer of more than seven million dirhams to the employee’s account (GCC national). While his partner (of Chinese nationality) transferred an amount of 400,000 dirhams from the victim’s account to the main defendant’s account, allegedly for the purchase of equipment, which required some checks that resulted in their seizure.

The prosecutor in Dubai, who brought the defendant to trial before the Dubai Criminal Court yesterday, said the main suspect in the case was a fugitive from justice, while his partner was caught by the relevant control authorities. The court decided to defer consideration of the case for April 15th. meeting.

Investigations by the Public Prosecution revealed that the incident took place between October 2016 and July 2017. The accused used his position at the local bank, and the powers granted to him to attract clients of high standing and to grant them banking privileges to commit his crime.

The prosecution explained that the second defendant participated in a way of helping and agreeing with the accused to commit his crimes, indicating that some of the money transferred from the customer’s account, was transferred to her account.