Monday 15 March 2010
Dubai executive jailed as city gets tough on corruption
A senior Dubai executive has been given a hefty fine after being found guilty of abusing his position as a director of a local developer.
The verdict suggests an appetite for stiffer penalties against those pursued in the city's anticorruption drive.
Dubai, which is in the midst of a debt restructuring process after its real estate bubble burst, hopes the graft crackdown will send a message of zero tolerance.
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