Man accused of embezzling 15.36kg gold worth Dh1.5m

A person has been accused of embezzling 15.36kg of gold worth Dh1.5 million that he was appointed by court to manage as part of a civil dispute.

As part of the civil dispute between two companies that trade in gold, a civil court judge had issued an order to have the quantity [15.36kg] provisionally seized and appointed the 57-year-old Sudanese, R.S., as a receiver. A receiver is a person appointed by a court to manage a financial dispute between two litigating parties.

Prosecutors accused R.S. of abusing his designation [court appointment] as a receiver and embezzling the gold in February 2014.

The suspect entered a not guilty plea when he showed up before the Dubai Court of First Instance on Sunday.

An Emirati lawyer testified to prosecutors that the suspect abused his appointment as a receiver and allegedly embezzled the gold that belonged to the company that had hired him.