By Elsa Baxter
Emirati accused of forging dead man's passport to sell Etisalat shares.
A 36-year-old Emirati man appeared in court charged with forging documents belonging to a dead man to sell thousands of shares worth AED1.2m ($327,000).AS, who worked for the deceased as a driver, submitted a forged copy of the man’s passport to the Abu Dhabi Securities Exchange (ADX) and a brokerage firm to sell 71,400 Etisalat shares.
According to a report in Emirates Business, the shares were traded in July 2007 – one month after the employer, AAS, died.
The defendant appeared before Presiding Judge Fahmi Mounir at the Dubai Court of First Instance, on Sunday where he denied all charges.
The court heard how the accused and the dead man shared the same birthday, although with 20 years between them.
AS changed the date of birth and other details on a copy of the dead man’s passport and replaced the photograph with that of his own, then submitted the forgery to ADX and EFG-Hermes.
AS then managed to sell 71,400 Etisalat shares belonging to AAS for AED1.2m.
The deceased’s 29-year-old daughter told the court that only a few of her father’s stocks remained despite him once owning thousands.
The case was adjourned until October 14.
It is really annoying how some people will do whatever just to lay their hands on Money. This is a Shame act, taking an ID of a dead man and take all the things he left for his children and his family away. This man must not be ignored and must pay for the shameful act he did