ADCC 225/17
Type
Case
Court
Abu Dhabi Court of Cassation
Jurisdiction
Abu Dhabi
Taxonomy
Financial & Business Offences, Payment & Payment Systems, Financial Institutions, General Employment & Labour Law
Copyright
LexisNexis
Decision date
11 Feb 1996
Catchwords
Bank Liability – Employee fraudulently opened Account – Forgery – Bounced Cheques
This case involved a bank's liability after an employee of a company had fraudulently opened an account in the company's name. Cheques had bounced and the company had had to close down as a result. Standard verification processes had not been operated so the bank was liable.
Background