Dubai: Investor embezzles Dh80,278 from company, business partner

An Arab investor was found guilty of stealing Dh80,278 from his business partner by discarding documents and altering records that would convict him. The victim operates a medical center in Dubai. The accused was a partner in the company, entitled to 70 percent of the shares. The accused reportedly destroyed the income records, which prompted the victim to hire an account auditor. Based on the audit's findings, the accused stole Dh80,278. The auditing firm's accounting advisory report said that the accused had embezzled the amount for personal use. BKM/ Expat Media
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