Lulu Employee disappears after stealing Dhs 600,000 in Khalidiya Mall, Abu Dhabi

The sudden disappearance of an Indian expatriate employee from the Abu Dhabi-based hypermarket chain Lulu has sent shockwaves through the community, raising concerns about financial integrity and organizational security. Allegations have surfaced that the employee, entrusted with managing the cash office at The company’s Hypermarket in Khalidiya Mall, may have absconded with a substantial sum of Dh660,000.

This alarming development has prompted Lulu Group International to take swift action, launching internal investigations and lodging a formal complaint with the Abu Dhabi Police. The company’s efforts have been further bolstered by seeking assistance from the Indian Embassy in Abu Dhabi, underscoring the collaborative approach taken to address the situation.

An Indian expatriate working at the Abu Dhabi-based hypermarket giant Lulu has allegedly vanished, leaving behind a significant cash deficit of Dh660,000. The 38-year-old employee, originally from the southern Indian state of Kerala, held a pivotal role in managing the cash office at LuLu Hypermarket in Khalidiya Mall, Abu Dhabi City. Lulu Group International, in response to this alarming disappearance, has lodged a formal complaint with the Abu Dhabi Police, initiating both internal and external investigations into the matter.

The disappearance came to light when the employee failed to report for his afternoon duty on March 25, prompting management to launch an internal inquiry. Despite multiple attempts to reach him, including calls to his switched-off mobile phone, he remained unreachable. Subsequent audits of the cash office uncovered a staggering shortfall of over Dh600,000, implicating the employee in a potential case of embezzlement.

Given his role in handling cash, the company had retained his passport, theoretically preventing him from leaving the UAE. However, his current whereabouts remain unknown, adding a layer of complexity to the unfolding situation. Compounding the mystery, the employee’s family, including his wife and two children, reportedly departed the UAE without informing anyone following his disappearance.

In response to these developments, The company has taken proactive steps, seeking assistance from both local and international authorities. With the aid of the Indian Embassy in Abu Dhabi, the company has filed a formal complaint against the absconding employee with the Kerala Police, his native law enforcement agency. This collaborative effort underscores the seriousness with which The company is addressing the situation, determined to pursue all avenues to resolve the matter and mitigate potential losses.

The sudden disappearance of a longstanding employee has sent shockwaves through The company and raised concerns within the expatriate community in the UAE. Such incidents not only impact the company’s financial integrity but also tarnish its reputation, underscoring the importance of robust internal controls and vigilance in safeguarding against fraudulent activities.

LuLu Group International, founded in 2000 by M. A. Yusuff Ali, a native of Kerala, India, has grown into a prominent multinational conglomerate with a significant presence in the retail sector. Headquartered in Abu Dhabi, the company operates a diverse portfolio of hypermarkets and retail outlets across various countries. This incident serves as a sobering reminder of the potential risks associated with managing large-scale retail operations and the need for stringent oversight to prevent financial misconduct.

In conclusion, The disappearance of the The company’s employee, coupled with the significant cash deficit, highlights the importance of stringent internal controls and vigilant oversight in safeguarding against fraudulent activities within organizations. As investigations continue and efforts to locate the absconding employee intensify, Lulu Group International remains committed to upholding its reputation for integrity and transparency.

By collaborating with law enforcement authorities and leveraging diplomatic channels, the company aims to bring closure to this unsettling episode and reinforce its commitment to ethical business practices. This incident serves as a sobering reminder of the potential risks associated with managing large-scale retail operations and underscores the need for robust measures to prevent and detect financial misconduct.


Read more

UAE Salary Growth Surpasses Living Costs Amid Talent Demand 2024

Leave a Reply

Your email address will not be published. Required fields are marked *

Emiratisation Details For UAE Business Know About Corporate TAX-UAE