An employee who embezzled AED2.4m (US$600,000) from a Dubai World subsidiary has been jailed for 12 years by a court in the emirate.
Michael Bryan Smith was given a ten-year prison sentence for abusing a public office and an additional two years for forging salary transfers and using forged graduate and post graduate degrees, local media reported.
Smith, who worked at property developer Limitless from January 2007 to June 2008, pleaded not guilty to two counts of embezzlement and three counts of forgery.
British national Smith was charged with forging salary transfers to 13 fake employees and embezzling AED2.1m from the state-backed firm.
Smith called for the public office abuse offence to be dropped as Limitless “was not a public company" when he was hired, he argued.
The 45-year old was extradited from Thailand in July after Dubai World funded an international search that tracked him to Bangkok, after he had spent eight months on the run.
Smith has repeatedly protested his innocence, claiming that UAE authorities have not produced any evidence as to why he should be charged or extradited. He has 15 days to appeal his case.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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