Thursday 3 November 2011

gulfnews : Dh237m fraud case of ex-Deyaar CEO gets new trial

Deyaar's American former CEO has become the longest-ever provisional detainee, having completed nearly 44 months in detention since his arrest over alleged financial irregularities in March 2008.

The 46-year-old Z.S., who remains in temporary custody, has been referred to the Dubai Court of First Instance on November 15 for committing various financial irregularities involving Dh237 million.

"Z.S.'s provisional detention has probably become the longest provisional detention and is unprecedented in Dubai. The efficiency of a judicial system is manifested by a swift litigation and granting a fair trial to a suspect. When a provisional detainee is sentenced [convicted or acquitted], all litigating parties should respect a court's decision."

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