Two Bangladeshis have been accused of involvement in an embezzlement case in the United Arab Emirates, a court in Dubai heard on Sunday.
The Bangladeshi businessmen, aged 42 and 38, have been implicated to varying degrees in a 7-man scheme to embezzle over AED 3 million from the Emirati Armed Forces, and second attempt to steal AED 3.4 million using fraudulent cheques, reports The Gulf Today.
The scheme, masterminded by a Tunisian pair, involved the forging of a garments company cheque worth AED 3.8 million and a second AED 3.4 million cheque of a trading company both belonging to the 42-year-old Bangladeshi.
Emirati prosecutors have accused the Bangladeshi of complicity in the crime. A German, 42, and an Egyptian, 35, have also been accused of complicity, while a third Tunisian has been accused of sheltering the Tunisians, German and Egyptian in their bid to escape the police.
The second Bangladeshi, 38, has been accused of failing to report the crime. ATM footage showed him during the botched AED 3.4 million theft bid, which ultimately led to the collapse of the scheme.
The 42-year-old Bangladeshi confessed in court that the gang stole money from the Armed Forces’ bank account using ATM machines of other banks. The other six denied the charges and their lawyers have asked for additional time. The Criminal Court has adjourned the hearing until Aug 20.
The Dubai court heard that the manager of a bank branch in al-Rigga, where the the 42-year-old was attempting to cash the cheque, alerted Dubai Police’s Anti-financial Crimes Management branch. The Bangladeshi was arrested within minutes, around 3pm on Jan 31. He was found with two further fraudulent cheques worth AED 800,000 and AED 300,000.
The businessman testified that he had been searching for a loan to inject capital into his company when an acquaintance introduced him to the Tunisian pair. The court heard that the Tunisians presented him with the AED 3.8 million cheque that he could deposit in his garments company account in exchange for a 10% commission.
The Tunisians subsequently gave the Bangladeshi businessman the second AED 3.4 million cheque that he was attempting to cash when he was arrested. However, by this point the bank had identified the first cheque as fraudulent and had frozen his accounts.