Tuesday 10 March 2009

Sales manager denies making Dh17m in fraudulent land deals

A former Dubai Industrial City sales manager accused of charging clients almost Dh17 million in illegal commissions and said he deserved the money pleaded not guilty in a court yesterday.

The defendant, AZ, a 32-year-old Emirati, appeared before the Dubai Criminal Court of First Instance charged with misappropriating public funds.

He allegedly charged eight clients extra commissions on a number of sale and rental agreements for land belonging to Dubai Industrial City, a member of Tatweer, Dubai’s state-owned property developer, that was set up on 560 million sq ft of land to help spur industrial growth.

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