Dubai's Public Prosecution indicted and refered to court Wednesday Mohammed Khalfan Bin Kharbash, former government minister and ex-chairman of Dubai Islamic Bank PJSC (DIB.DFM), for alleged embezzlement and "harming state interests", according to an emailed statement from the prosecutor's office.
Kharbash is alleged to have seized "public money and harmed the state's interests" in relation to an investigation into financial wrongdoing at Deyaar Development PJSC (DEYAAR.DFM), according to the statement.
The prosecution has also accused Kharbash of aiding Zack Shahin, former chief executive of property company Deyaar, to allegedly take company money. Kharbash was also chairman of Deyaar before he resigned early last year.
No comments:
Post a Comment