and filled in a money transfer form at the bank in an attempt to embezzle Dh1 million before he was exposed due to a discrepancy in the signature in December.
He contended before presiding judge Urfan Omar that he did not forge any signature or attempt to swindle or embezzle any money.
He abused his post to gain access to the electronic system of the station and tampered with the revenue figures and thus managed to embezzle
The accused managed to embezzle
the money after tampering with application fee receipts from March to October 2012.
He would at other instances tamper with electronic data and increase the revenues on payments by credit cards and decrease the revenues on payments by cash and embezzle
Insurance is hitting the market that will protect individual investors if an asset manager or investment adviser embezzles
their investment funds.
money from his employer to finance a lavish apartment for his mistress to whom he poses as a famous painter.
"Until now, individual investors have not been able to insure their money in the event that their asset manager or investment advisor embezzles
their money," Travus Pope, co-founder of Capital Shield Inc, said in prepared remarks.
He said in a press statement that if a person misappropriates or embezzles
one million Rs today and after twenty years, this comes into the notice the culprits has to deposit the actual amount embezzled whereas the value should be calculated with the time value of the money.