Besides the cash fraud, the accountant had also tampered with the data of the company.
A company owner based in Sharjah has accused his cousin, who works for him as an accountant, of embezzling over Dh7 million ($$1,905 Million) from the company.
The 65-year-old complainant told the Sharjah Shariah Court that he established his company at the Sharjah Airport Free Zone in 1996. He employed his 32-year-old cousin, who also lived with him in his villa.
After many years, the businessman got to know that the cousin was embezzling money from his company account.
When he confronted the accountant about a missing sum of Dh20,000 ($5,444), the latter confessed to it. The businessman then formed a committee to look into the fraud and discovered that the younger man had embezzled over Dh7 million.
He also told the court that his company investigation into the matter is still on and they suspect more theft amounting to another Dh3 million.
Besides the cash fraud, the accountant had also tampered with the data of the company. The case has been adjourned to May for a judgment.
This article has been adapted from its original source.
