Saad Abdul Razak, who has been in detention since October, has been dismissed from Tamweel’s board of directors, the Islamic lender said yesterday.
Mr Abdul Razak, who is also a former chief executive of Dubai Islamic Bank and managing director of the Investment Corporation of Dubai, was arrested in connection with an inquiry into alleged corruption. He is still in police custody, although no charges have been brought against him.
The decision was taken at the company’s board meeting on Jan 6, and formally announced to the Dubai Financial Market in a statement yesterday.
No comments:
Post a Comment