Wednesday, 27 May 2009

Mizin bribery case back in court

The former chief executive of the property developer Mizin, charged with taking bribes and giving excessive discounts on property sales, violated a company-wide moratorium on such sales, a court heard yesterday.

An investigating officer told the Dubai Criminal Court of First Instance that SH, 50, had sold land during a period when Tatweer, Mizin’s parent company, had halted sales.

SH, an Emirati, denies accepting Dh1.98 million (US$7.3m) in bribes from a second defendant, JH, 53, an Arab investor.



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