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GP Global internal investigations reveal Sharjah and Fujairah staff involved with fraud

03 Aug 2020

UAE-based oil and bunkering firm GP Global have brought to light some cases of internal fraud and have taken legal action against some of its employees.

This follows an earlier statement by GP Global where it strongly denied any unusual activity within the company and claimed it was being made a victim of “blatant lies” as the company was being “targeted by vested interests” who do not wish to see it “succeed and grow higher and higher”.

According to a release by Salam Advocates and Legal consultants, lawyers representing GP Global:

“It has been brought to the notice of the client that few employees have colluded with external entities using the Covid-19 lockdown situation and work from home arrangements to defraud the company and its customers,” it stated.

“Based on the preliminary investigation, criminal complaints have been filed against few employees in Sharjah and Fujairah. A detailed internal investigation is on that will reveal the modus operandi, and the individuals and entities involved, and the impact of the fraud on GPs operations and business.

“The preliminary assessment of the situation is that the fraudsters manipulated records that switched the cargo under the custodianship of GP with those goods financed by various banks and under CMA.

“Our client is determined to identify and bring to justice all the individual and entities involved and every legal option available is being explored. Meanwhile, all efforts are being made to minimise the damages on itself and its customers. The client solicits your cooperation and appreciates your patience.”

Related: GP Global repudiates rumours and proceeds with restructuring as strategic move


Photo credit: GP Global
Published: 3 August, 2020

 

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