Ex-Mizin CEO misused his position, court told

The former chief executive of Mizin exploited his position by giving special facilities to a Lebanese businessman who bought apartments from the developer, Dubai Criminal Court was told yesterday.

The ex-CEO, SH, extended the payment settlement period for the businessman, JH, at no additional cost and sold properties to him with discounts of up to 30 per cent when other buyers were given discounts of only 10 per cent, said Dubai Police investigation officer Hamad Bousim.

In addition, JH allegedly made a 10 per cent down payment, even though the company's policy stipulated that down payments should be no less than 15 per cent.