DUBAI: Four fraudsters who tried to entice a bank’s sales executive with a 10 per cent reward if he helped them obtain Dhs400, 000 facilities were sued on Wednesday.  

The unemployed Asians (aged 34, 31, 45 and 28) with the help of fugitive accomplices tried to convince the bank employee to join them in loan swindling operations last year. He alerted the bank management.

The management coordinated with the CID department in laying down an ambush. The gang promised the employee a 10 per cent reward on each loan he would help them obtain. He feigned acceptance.

They counterfeited copies of a Pakistani man (MO’s) bank statement, his Emirates ID and his passport along with its visa voucher showing that MO was an executive at a global shipyard facility.

They also faked MO’s Dhs22,500 salary certificate. They sent both the first and second defendant to apply for a Dhs400,000 loan of which they promised the bank employee Dhs40,000 if all went well.

Prosecutors added that the gang also duplicated a bank’s seal, in addition to the shipyard facility’s seal that they used in forging the salary certificate. They also forged the facility’s concerned official’s signature.

In prosecution records, the first defendant reportedly narrated that three months ago he lost his job and landed into financial constraints. A fugitive ex-bank employee offered to employ him in loan swindling.

The fugitive introduced him to the second defendant who was in charge of forgeries. The second defendant handed him bogus documents that the fugitive used in swindling a Dhs400, 000 loan. They shared it.

“My share was Dhs30,000,” the first defendant reportedly said.  They then conducted three more successful swindling operations targeting an Abu Dhabi-based bank and shared the proceeds.

“Thereafter, our accomplice told us an employee at a bank in Al Muraqqabat was willing to help us swindle a loan. We set an appointment. CID officers zeroed in as soon as I presented fake documents to the employee.” 

The defendant added that the third defendant who owned a private company would invite expatriates to the UAE then remain with their documents when they return to their home countries.

He would use the documents in loan swindling. “We started swindling in 2016 from the Abu Dhabi-based bank. From that bank we have so far swindled Dhs1, 000, 000,” the defendant added.

The Dubai-based bank’s employee narrated how both the first and second defendant showed up with bogus documents. The bank’s anti-fraud section detected the forgery and alerted the police.