Expat deceives employer of QR132 million
GCC expatriate man, who used to work as a representative of a well-known businessman in Qatar, has misappropriated a sum of QR132mn from his employer, local Arabic daily Arrayah reported.
The fraud came to the attention of the businessman when he received notification of a travel ban issued by a court, preventing him from leaving the country.
It turned out that his former representative had conducted a number of business transactions in his name without his knowledge. The representative had used cheque books entrusted by the businessman for the deals.
The accused faked the signature of the businessman to a great degree of accuracy that very few people doubted.
The representative used to buy houses and precious items at higher than market prices and paid only with cheques due to be paid only after two months.
Then, he would sell such things through agents and get the money for himself.
The process went on undiscovered for a while as his employer spent some time outside the country. In due course, the representative claimed that he was travelling to his country on a short leave but never returned to Qatar.
Ultimately, the victim, who was surprised by a number of jail sentences and court orders against him in absentia, appealed the case at the Court of Appeal claiming that all the cheques signed in his name were counterfeited by his representative, who ran away to his country after stealing the money. The case is still being reviewed by the court. [Gulf Times]
mmtanjir I agree with you this sound uneven , anyways the authorities should carry a delicate interrogation to punish the fraudulent , and prevent such massive robberies from taking place in the future .
may be the mentioned victim is the real con man..who knows? bcoz how long he was outside country? and for your information...even if u have the full signing authority though u need confirmation from ur local partner to sell any property . and bank also cross check always...its 132mn qr ...dont u think it sounds very very fishy ?
Quicky, The mistake is really too big to be tolerated. ............. .........
It's disgusting on the rep. 's part. Agree with MM, the culprit must return the stolen money back to its rightful owner.
He must be brought back ............. to face the questioning ...... he breached the trust of his master ............ too bad .......... hope the businessman clears his name & recovers all his wealth ........... Sun, 31.01.2016, 11.26 hrs