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Duo 'defrauds bank of Dh474,000, credit cards'

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Duo defrauds bank of Dh474,000, credit cards
The court has adjourned the hearing to August 31.

Dubai - On July 20, last year, the accused collected a cheque of Dh465,000 and spent Dh14,407 with the credit cards.

By Marie Nammour

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Published: Fri 14 Aug 2015, 12:00 AM

Last updated: Fri 14 Aug 2015, 9:14 AM

Two unemployed men allegedly defrauded a bank of more than Dh474,000 after applying for a loan with fake documents, a court heard.
The two Pakistanis, aged 44 and 33, together with an accomplice at large, allegedly approached the bank with fake documents and managed to get a loan of Dh474,000 and two credit cards.
They presented the bank with a passport copy, a residency visa, an Emirates ID, a salary certificate and bank statement, which were all fake.
They were charged in the Court of First Instance with fraud, forgery and use of forged documents and criminal complicity.
An investigator at the bank said one of the accused came to the bank on July 10, last year and applied for a loan worth Dh480,000 and two credit cards. "He met a bank employee and handed over the required documents.
On July 20, last year, the accused collected a cheque of Dh465,000 and spent Dh14,407 with the credit cards. "We learnt later that all the documents they presented were fake," he told the prosecutor.
The bank employee identified the accused among other suspects at the police station, the bank investigator added.
The court has adjourned the hearing to August 31.
mary@khaleejtimes.com


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