Online document leak spurs inquiry

Market regulators in Dubai have launched an investigation into the Millennium Finance Corporation after confidential documents were leaked on the internet.

Keba Keinde, the chief executive of Dubai-based Millennium, disclosed details of the inquiry by the Dubai Financial Services Authority, which coincides with the company’s planned €20 million (Dh105.2m) investment into letsbuyit.com, a price-comparison website based in Paris.

Mr Keinde, who previously worked as the managing director of the Middle East for BNP Paribas, is conducting his own internal investigation to determine who was responsible for the leak.