Friday, 14 August 2009

Special court set up to hear Al Boom fraud trial

A specialised misdemeanours court will be set up to hear the Dh960 million (US$260m) fraud trial of the property developer Abed al Boom when it starts next Sunday.

Mr al Boom, the chief executive of Al Boom Holdings, was arrested last July over allegations that he had defrauded up to 3,700 investors.

The case will be hugely complex; the charge sheet alone runs to around 1,500 pages, with a further 32,000 pages of evidence to be reviewed during the trial.

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