Prominent Doha-based banker sued for illegal transactions to bogus companies
It is understood that a prominent Doha-based banker has been charged with fraudulently making financial transactions to his own accounts in the name of bogus companies.
The Peninsula reported that the accused allegedly signed contracts with bogus companies to transfer money to his account against consultancy charges of Sukuk (Shariah-compliant bonds) and commission. He was caught in the act when a big amount transfer accidentally came to light.
The banker made illegal financial transactions from his company to others that did not have any relation with the former. As a result, the company incurred losses amounting to $1,905,135, as per the charges.
The accused ordered to transfer $636,683 to his account in the name of a bogus company in Denmark, $212,483 to the account of another fake company in Austria, and $434,766 to the account of a real estate company in the UAE.
During the course of the investigation, it was disclosed that the money was transferred illegally. The banker also used forged documents to shield the crime.
The identity of the banker has not been revealed.
the amounts, location where the money was transferred, even the story was identified - but the banker was not? hmmm ... really?
Stupid writing
A mistake from an insider, greed is our major enemy, to tough to remain safe from this heavy weight enemy. ......... ......... ............. ........ Families need to remain alert with their spouses' suspected behaviour when they come home from their place of work .......... ... ............ .......