Tuesday 15 September 2009

Fresh charges filed in fraud trial

Adel Shirawi, the former chief executive of the developer Tamweel, faced fresh charges yesterday of fraud involving Dh42 million (US$11.4m) in illegal land deals.

Mr Shirawi, 38, who was also deputy chief of Istithmar World, was charged this year with making an estimated Dh44m in such deals.

The new allegations, made in the Dubai Criminal Court of First Instance, related to commission on the sale of land at Jumeirah Lakes Towers and Dubai Maritime City.

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