Tuesday 19 June 2018

Ex-Bahrain bank employees jailed for $4m fraud

Manama, May 19, 2011

Two former Bahrain bank employees who stole BD1.6 million ($4.24 million) by creating duplicate credit cards using fake names have each been jailed for 10 years.

The Bahrainis were convicted of fraud at the High Criminal Court.

According to court documents, they copied the card details of customers and created duplicate cards using fake names to steal money from their accounts.

An internal investigation was launched after several customers complained that their money had disappeared.

It led directly to the suspects and the police were called.

The men were later arrested after permission was taken from the Public Prosecution.

Both initially denied the charge during questioning at the Public Prosecution, but admitted the offence in court.-TradeArabia News Service

Tags: finance | law | credit card fraud | Bahrain bank employees | criminal |

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