Man jailed for three years for Dh700,000 Dubai bank loan scam

DUBAI // A man who forged documents to obtain a Dh700,000 loan from Dubai Commercial Bank has been jailed for three years. The 44-year-old Pakistani, who returned to the UAE illegally after previously being deported, denied charges of forgery, use of forged documents and fraudulently obtaining Dh700,000. He told Dubai Criminal Court earlier this month […]

DUBAI // A man who forged documents to obtain a Dh700,000 loan from Dubai Commercial Bank has been jailed for three years.

The 44-year-old Pakistani, who returned to the UAE illegally after previously being deported, denied charges of forgery, use of forged documents and fraudulently obtaining Dh700,000.

He told Dubai Criminal Court earlier this month the amount was the value of a cheque issued to him by a person he did not identify. “All I did was cash the cheque,” he told judges.

Prosecutors said he forged an Emirates ID that contained his picture but the personal information of someone else. He also forged a salary certificate from an engineering company and a statement from the bank he said his salary was paid into.

The man is then said to have used the fake documents to apply for the loan from DCB.

The court was told he also opened an account with a different bank using the forged documents and when the DCB approved his loan application, the money was deposited into that account.

The fraud was discovered by an auditor after the defendant failed to pay the monthly instalments.

“I contacted the company where he said he worked and from which he got us the salary certificate but they said they do not have an employee with that name,” said the auditor.

In September 2014, the bank reported the incident to police and the defendant was arrested.

An Emirati policeman said the defendant admitted to receiving the forged documents from a fellow Pakistani. After receiving the loan amount, he took his share of Dh250,000 and gave the rest of the cash to this other man.

“He told us that this man was the mastermind behind the whole scam,” said the officer.

Records show in 2014 the defendant was involved in a similar case in which he used forgeries to apply for a loan of Dh408,000. He was convicted and served six months in jail, after which he was deported. Months later he returned to the UAE illegally.

At a sentencing hearing on Wednesday, the defendant was sentenced to an additional month in jail for a charge of returning. He will be deported after serving his sentence.

salamir@thenational.ae

Source: uae news

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