DUBAI // Two men used forged documents to steal Dh1.15 million from Gulf Services and Oilfield Supplies Company, where they worked, a court heard yesterday.
QE, a 49-year-old Pakistani who worked as a finance manager at the company, is accused of stealing Dh797,500 from the firm's bank account after the second defendant, MT, 44, of Bangladesh, helped him, prosecutors told the Dubai Criminal Court of First Instance.
MT, who denied the charges, is alleged to have forged two documents and given them to QE, who has not been arrested as he has ran off, to help him obtain the money, according to prosecutors. QE submitted the documents to the company, prosecutors said.
Based on the forged documents, Dh1.15m of the company's money was transferred to a bank account that belongs to MT at the Arab Bank, records said.
Prosecutors said that after receiving the money, MT took Dh352,500 and transferred the remaining amount to QE.
MT was charged with aiding and abetting QE.
Prosecutors said the alleged incidents took place between July and September 2008.
KK, the general director of Gulf Services and Oil Field Supplies Company, said in his court testimony that the company became aware of the theft in June 2009 after receiving information from their bank about the illegal transfer.
He said the company had previously ordered the transfer of the money from its account to another one the firm owns at a different bank.
The transfer appeared to be successful, but the amount was never deducted from the first account, he said, adding that QE discovered this fact and used it to take the money.
The next hearing will take place on April 27.
