A Frenchman has been charged with abusing his duty as a former executive of Dubai World (DW) and misappropriating Dh14 million worth of purchase orders, including two submarines.
Records quoted an American DW financial manager alleging that the 55-year-old Frenchman, who managed a DW entity, confessed in writing that he allegedly misappropriated Dh14 million and promised to settle and pay Dh3 million before he fled the country.
The Public Prosecution has referred the suspect, H.J., who records say is at large, to the Dubai Court of First Instance where he will be prosecuted for charges of abusing his public duties and unlawfully pocketing Dh14.122 million from one of DW's entities which he managed.
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