Suspected outlaw swindles $1.3m

A suspected British outlaw stands trial in absentia for misappropriating more than $1.3 million (about Dh4.95 million) by abusing his power as the former director of one of Dubai World's (DW) bodies and pocketing the money.

Records quoted one of DW's board members, an Emirati, claiming that the 45-year-old Briton, K.T., allegedly abused his power as the former director of the risk management department of one of DW's bodies and pocketed the amount.

The defendant, who is a fugitive according to records, failed to appear before the Dubai Court of First Instance yesterday when the presiding judge called his name to relay his charges.