Dubai Trio Sentenced to Prison and Deportation for Dh800,000 Gold Theft

Post by : Elena Malik

Dubai Criminal Court has sentenced three individuals to prison and deportation for their involvement in a gold theft amounting to over Dh800,000 from a jewellery company in Dubai's Naif area on September 28, 2023.

The court proceedings revealed that two Egyptian nationals and one Indian were charged by Dubai Public Prosecutors for their roles in the crime. The first and second defendants, both employed at the jewellery company, embezzled Dh824,604.17. They exploited their positions to establish an illicit goldsmith workshop within the company premises and hired workers under false pretenses.

Additionally, the third defendant, the 41-year-old brother of the second defendant, fled the country after taking out a loan exceeding Dh1.5 million. He was found to have received Dh236,823 from the proceeds of the theft committed by his brothers.

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The first defendant, aged 35 and Indian, orchestrated the clandestine workshop without company authorization. He also manipulated employment contracts and inflated his salary from Dh10,000 to Dh50,000 monthly. The second defendant, aged 47 and Egyptian, facilitated his brother's employment and managed illicit funds, depositing extra sums into his account under false pretenses.

The criminal activities were uncovered in May 2023 when suspicious transactions, such as inflated gold purchases, were reported by company workers to a partner. Subsequent investigations confirmed the existence of the unauthorized workshop and fraudulent financial practices, substantiated by a forensic accounting report.

The court sentenced the first and second defendants to three months in prison and a joint fine of Dh824,604.17. They are also to be deported after serving their sentences. In absentia, the third defendant received a one-month prison sentence, a Dh236,823 fine, and deportation upon arrest.

The case underscores the severity of financial crimes in Dubai and the legal consequences for those involved in embezzlement and illicit financial activities within business entities.

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