Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Eight jailed and fined for Dh16 million embezzlement  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/02/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Eight other Emirates Transport employees, including five Indians, one Sudanese and two Pakistanis, were also charged with being an accessory to the crime.

Emirates Transport employees falsified electronic data pertaining to the tyres in the company's system

A software programmer and a purchase coordinator, who were both employed with Emirates Transport, have been sentenced to five years in prison each for embezzling tyres worth more than Dh16 million

The two accused, who are Pakistani nationals, T.M. and M.E., aged 36 and 55, are also accused in the Court of First Instance of falsifying electronic data pertaining to the tyres in the company's electronic system

Eight other Emirates Transport employees, including five Indians, one Sudanese and two Pakistanis, were also charged in court with being an accessory to the crime

Of these eight, six were convicted, while two were cleared of all charges

These accused held positions such as manager assistant, warehou keeper and PRO, as per court records

The six convicts were ordered to pay fines ranging from Dh895,000 to Dh3.8 million and repay the amounts they were charged with embezzling

All accused are described as public employees in the prosecution charge sheet

T.M. was ordered to pay a Dh415,000 fine and repay the embezzled amount to Emirates Transport

The court ordered that all the convicted defendants be deported after serving their prison time

A legal consultant told the investigating prosecutor that the embezzlement was discovered after the software programmer logged on to the company's electronic system to falsify the data pertaining to spare parts

"The Information Department kept him under close watch and it was learnt that the company's financial discrepancies were caused due to what the programmer was doing.

The defendant was not entitled to log on to the warehouse software, the consultant said

The verdict is subject to appeal within 15 days


Khaleej Times

  MENA News Headlines
 Oct 26 2016 - GCC retail industry to grow between 7-12pctMENAFN
(MENAFN) Retail industry in the GCC States is predicted to increase between 7 to 12 percent on the back of expansions in leisure facilities, such as theme parks.Furthermore, global and local ...

 Oct 26 2016 - Maritime sector boosts Dubai's GDP at USD7.32bMENAFN
(MENAFN) The maritime sector improved its contributions to Dubai's GDP last year, accounting for Dh26.9bn or 7 percent of the total.Accordingly, the local maritime sector has made valuable ...

 Oct 26 2016 - 16 bilateral deals enhance Riyadh-Astana tiesMENAFN
(MENAFN) Custodian of the Two Holy Mosques King Salman and Kazakh President viewed the signing of 16 mutual agreements in different areas.Accordingly, the deals, including the MOUs, cover diverse ...

 Oct 26 2016 - Toxic politics versus better economicsGulf Times
(MENAFN - Gulf Times) The relationship between politics and economics is changing. Advanced-country politicians are locked in bizarre, often toxic, conflicts, instead of acting on a growing economic ...

 Oct 26 2016 - New guidelines for kids' media useGulf Times
(MENAFN - Gulf Times) In today";s media-saturated world, nearly every parent has handed a kid a smartphone or a tablet for learning or play. And nearly every parent has wondered if it";s OK. New ...

 Oct 26 2016 - Duterte needs to think beyond outbursts to carry out his promisesGulf Times
(MENAFN - Gulf Times) The Philippines has been steadily growing in recent years, outpacing most of its Southeast Asian peers. Enter a hothead new president, the country may be veering onto another ...

 Oct 26 2016 - Aspire-owned Cultural Leonesa hope to shock RealGulf Times
(MENAFN - Gulf Times) Qatar is used to playing a prominent role in Spain";s El Clasico matches, with Qatar Airways as the main shirt sponsor of FC Barcelona. Now a team with strong ties to the ...

 Oct 26 2016 - Pampanga VOB quell Guardians challenge to claim victoryGulf Times
(MENAFN - Gulf Times) Pampanga VOB held on strong in the dying minutes to quell a scathing comeback by GGBAI Guardians to claim a well-deserved 69-65 victory in the Aspirants Division of the Nissan ...

 Oct 26 2016 - Doha Oryx ladies come out on top of their leagueGulf Times
(MENAFN - Gulf Times) Doha Ladies travelled to Abu Dhabi on Friday for their second tournament of the season. Both the Oryx and the Trojans played four games each during the day, with the former ...

 Oct 26 2016 - Misbah disappointed at West Indian downfallGulf Times
(MENAFN - Gulf Times) Skipper Misbah-ul-Haq showed disappointment over the downfall of once-mighty West Indies after Pakistan achieved a series-clinching win in the second Test in Abu Dhabi ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help