A senior executive at Dubai Financial Market (DFM), the emirate’s bourse, has been charged with embezzling AED500,000 and forging documents.
Gulf News reported that the unnamed suspect, who is of Asian origin, had been referred by the Public Funds Prosecution to the city’s Criminal Court.
He has been accused of profiting from public funds by forging three cheques totalling nearly AED2 million, the newspaper said.
The head of the Public Funds Prosecution said that investigations showed he had cashed one of the three cheques and diverted the money to his own account.
The suspect will be tried according to the Federal Penal Code and its provisions related to combating cybercrimes, the report said.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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