A former clerk has appeared in a Dubai court charged with embezzling the equivalent of around US$135,000.

He is accused of issuing 22 forged letters of credit (L/Cs) to several travel and tourism agents in the emirate.

Embezzlement

Prosecutors have charged the Egyptian suspect, who cannot be named for legal reasons, with embezzling funds from 22 travel and tourism agents.

The defendant allegedly claimed that he would issue the agents with L/Cs that could be redeemed at the Dubai Department of Tourism when they renewed their trading licenses.

Denials

The 28-year old man has been charged with 22 counts of forgery.

But he denies perpetrating so many frauds, and has told the court that he only forged seven L/Cs and that he cannot remember the names of the agents he sought to dupe.

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