Deyaar ex-CEO granted Dh4m bail

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The former CEO of Deyaar, detained on corruption charges since March 2008, can now walk out of his provisional detention cell if he posts Dh4 million as bail set by a judge on Tuesday.

Dubai Misdemeanour Court's Presiding Judge Rifaat Mahmoud Tulba granted conditional bail to Deyaar's ex-CEO, 43-year-old American Z.S., who will have to pay a financial bond and place his passport along with an Emirati sponsor's passport before he can be released from his cell.

Judge Tulba set an amount of Dh2 million as bail for Z.S. involving his prosecution before the Misdemeanours Court.