Monday 20 May 2013

Aussie given 10 years in Dubai jail as colleague acquitted

"One Australian executive has been sentenced to 10 years' jail in Dubai but his junior colleague acquitted in a spectacular climax to their four-year battle against property fraud charges.

In a verdict on Monday, described as a travesty of justice by Matt Joyce's supporters, the Ruler's Court rejected his defence against claims that he received $6 million in a plot to swindle an Australian developer, Sunland, out of more than $12 million in a Dubai land sale.

But the court found that Marcus Lee, Joyce's colleague at the government-owned Dubai Waterfront, received no money – and that the land deal he helped to prepare was approved by Joyce and other superiors at Nakheel, a Dubai government-owned master developer."

'via Blog this'

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