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Tuesday, 13 June 2017

Deyaar ex-CEO jailed for 25 years after losing appeal - Zack Shahin | GulfNews.com

Deyaar ex-CEO jailed for 25 years after losing appeal | GulfNews.com:

"The famous Deyaar graft case came to an end on Monday after Dubai’s highest court dismissed the appeal lodged by Deyaar’s former chief executive officer, who will spend 25 years in jail.  Following nine years and three months of litigation, the Dubai Cassation Court rejected two appeals lodged by the 52-year-old American-Lebanese ex-CEO, who was seeking acquittal in two graft cases in which he was accused of indulging in financial irregularities to the tune of Dh56 million and Dh43 million, respectively, during his tenure at Deyaar. Presiding judge Abdul Aziz Abdullah dismissed the appeals of the defendant, who will have to spend 15 years and 10 years in jail correspondingly, and pay around Dh92 million in fines."



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