Monday 30 March 2009

Sama fraud defendants just took normal commissions, trial told

Reselling property on behalf of a third party and earning commissions on that sale is normal and acceptable practice in Dubai’s real-estate market, witnesses in the Sama Dubai corruption trial told the Dubai Criminal Court of First Instance yesterday.

Lawyers acting for five defendants in the case, who include the former chief executive officer of The Lagoons project, said that the witnesses’ evidence showed that their clients’ actions were not illegal.

“All of the defendants worked as real-estate brokers before joining Sama Dubai, and all they did was outside their official duties; they brokered the sale of property, which many witnesses yesterday said was acceptable practice in the real-estate market,” said Hamdi al Shiwi on behalf of MA, 41, the Emirati former sales manager at Sama Dubai’s The Lagoons project.

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