UAE – An ins. consultant misappropriates UAE 1.1m
Monday, 08 10 2020, Category: Insurance and Reinsurance, Country: U.A.E
The criminal court in Dubai has begun the trial of an insurance consultant in one of the joint-stock companies on charges of embezzlement of 43 checks payable to 43 customers from insurance services at a value of one million and 129 thousand dirhams.
A certified legal auditor said, in the Public Prosecution's investigations, that he initiated audits, after receiving complaints from insured persons with the victim's company, who stated that they did not receive life insurance checks due to them, pointing out that it was found, through emails with the bank Withdrawn checks, that the accused was spent with the knowledge of the accused and for her own account.
Source: Teller Report