Ex-Nakheel executives in court

Four Australians gave false information about the ownership and value of land as part of a fraud that ran to more than Dh44 million (US$12m), a court was told yesterday.

Two of the men, former executives of the property company Nakheel, were denied bail when they appeared in the dock for the first time.

MJ, the chief executive of the Dubai Waterfront project, and ML, his deputy, were charged along with fellow Australians AB, the Waterfront’s legal affairs manager, and AR, a businessman. The latter two remain at large.

For story from early August: