A federal court in the UAE has convicted a man for forging official documents to deceive a bank into settling more than Dh882,000 of his outstanding debts with other financial institutions.
According to court records, the defendant applied for a debt-purchase facility and submitted multiple falsified documents, including a forged salary certificate claiming he earned over Dh50,000 per month. He also provided a fabricated Dh190,000 housing lease approval, presented as though it had been issued by a government authority. The papers appeared legitimate, bearing official-style signatures and stamps.
Believing the documents to be genuine, the bank proceeded to settle his debts with two other institutions—only to later discover that the certificates were fake. The fraud was reported, prompting an investigation and subsequent charges of forgery and using forged documents for financial gain.
The federal court upheld a three-month jail sentence and imposed a Dh882,500 fine on the defendant. However, the court suspended the prison term for three years, meaning he will not serve jail time unless he commits another offence during that period.