A British national, CT, was yesterday sentenced in absentia by the Dubai Criminal Court to five years in prison followed by deportation and a fine of $1.340 million (Dh4.9m) for embezzling the same amount from Istithmar, which he was also ordered to return.
Sources from Istithmar said the company will initiate legal procedures against the fugitive to implement the sentence issued against him, taking the help of Dubai Police and Interpol.
The case had witnessed a lot of delays, as the address of the indicted could not be found to issue him summons to attend the proceedings. Istithmar's lawyer, Taiba Safar, took recourse to publishing advertisements in several newspapers informing CT to attend.
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