Wednesday 11 February 2009

Three held in Dubai corruption probe

The authorities have detained senior managers at Dubai Waterfront, one of the emirate’s most ambitious property developments, as part of an investigation into bribery allegations.

The detentions come amid a series of emirate-wide probes into alleged fraudulent activity at state-backed property developers and banks which has rocked Dubai in the past 12 months.

One of those detained, Matt Joyce, was managing director of the vast Waterfront project until he was made redundant last month.

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