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Sun 5 Feb 2012 04:41 PM

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UAE seeks to recover AED1bn from fraud, bribery cases

SAI says number of cases referred for public prosecution

UAE seeks to recover AED1bn from fraud, bribery cases
(Photo for illustrative purposes only)

The UAE’s State Audit Institution is seeking to recover more than AED1bn ($272.4m) from misappropriation of public funds, forgery, fraud and bribery cases that took place in 2010.

In a statement released by state news agency WAM, the SAI said it had referred a number of corruption cases to the Public Prosecution in accordance with the applicable regulation.

Dr. Harib Saeed Al Amimi, President of the SAI, said that the total number of cases that were referred to the Public Prosecution during the last two years is more than 10 cases. “Based on investigations and audit reports supported with documents, we proved that those cases include misuse of public funds by taking over or illegally facilitating so by others in addition to forgery, fraud and bribe,” he said.

In a statement the SAI said: " The audit and review of some auditees' accounts during the last year resulted in detecting a number of financial corruption cases represented in taking over public funds or illegally facilitating so by others. The SAI has referred those cases to the Public Prosecution in accordance with the applicable regulation in this regard".