Dubai's public prosecution has charged a former minister of state for finance with embezzlement and "damaging state interests".
Mohammed bin Kharbash is to be sent to trial after an investigation into events at Deyaar, the real estate unit of Dubai Islamic Bank. Essam al-Humaidan, the office of the attorneygeneral, said in a statement Mr bin Kharbash, the former chairman of Deyaar, had allegedly helped Zach Shahin, the developer's former chief executive, to seize company money. Mr Shahin, a US national detained by Dubai's authorities last year, will also face charges of alleged bribe-taking.
The Financial Times in November revealed that the former minister was being investigated for alleged financial wrongdoing at the publicly listed Deyaar.
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