A senior woman manager of UAE's leading telecom operator, Etisalat, has been accused of misappropriating funds amounting to Dh 27 million ($7.35 million) from the company's account.
Following revelations the amount is reported to have been retrieved from her bank account and the woman was forced to resign, local media reported.
According to sources, the accused was in charge of making salary payments to the staff. She was allegedly able to convert regular payments from the accounts of payrolls into her personal account in local banks, transferring two million dirhams per batch, for more than two years.
The bank then grew suspicious after checking her monthly salary before the large sums started getting credited to her account and sent a letter to her employer, they said.
Ahmed bin Ali, executive vice-president for public relations in the company is reported to have said that the woman would be referred to the Public Prosecution after the completion of an internal investigation.
Meanwhile, an official source at the Ministry of Justice told Khaleej Times newspaper that Etisalat should refer its former employee to the Public Prosecution for interrogation.
Etisalat shares fell 2.3 per cent yesterday amidst talk of the investigation.
