Saturday 24 October 2009

Dubai Holding official questioned in Dh200m fraud

A senior official of a government-owned company is the latest high-profile business executive to face charges of corruption involving almost Dh200 million, Gulf News has learnt.

The senior Emirati executive, H.D., of Dubai Holding, has been in detention for nearly six days.

Law enforcement officers are questioning him over alleged irregularities amounting to almost Dh200 million involving suspicious property deals in Dubai, sources close to the investigation said.

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