Thursday 9 June 2011

Tribunal hears Drydocks fraud case - The National

Dubai's Drydocks World, which operates the largest ship repair and construction port in the Middle East, has filed a court claim alleging it was defrauded by a local company.

The case before the Dubai World Tribunal came in response to an earlier charge brought against Drydocks World by Auld Alliance Trading. That company had claimed Drydocks World owed it Dh3.6 million (US$980,072) in unpaid bills for the services of four of its employees.

Drydocks World alleges a project management team seconded by Auld Alliance "had no added value whether in terms of profitability or in terms of productivity".

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