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Monday, 22 June 2009

Deyaar auditor found a number of 'irregularities'

The auditing manager of Deyaar's financial department uncovered a number of violations when he reviewed the real estate company's accounts, a court has been told.

Mohammed Mustafa Hussein's evidence was heard at the trial of Saad Abdul Razzak, an ex-CEO and board member of Dubai Islamic Bank, and businessman Ismael Akeel Janahi. Dubai Public Prosecution has charged Razzak with bribing Janahi but they have denied charges.

The case at the Dubai Misdemeanour Court was yesterday adjourned until July 7, when witnesses for the defence will produce evidence in their favour.

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