Wednesday 27 May 2009

Mizin bribery case back in court

The former chief executive of the property developer Mizin, charged with taking bribes and giving excessive discounts on property sales, violated a company-wide moratorium on such sales, a court heard yesterday.

An investigating officer told the Dubai Criminal Court of First Instance that SH, 50, had sold land during a period when Tatweer, Mizin’s parent company, had halted sales.

SH, an Emirati, denies accepting Dh1.98 million (US$7.3m) in bribes from a second defendant, JH, 53, an Arab investor.



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