Wednesday, 14 October 2009

Deyaar officials 'misused position for gains'

Details of the operations of developer Deyaar were spelled out for more than two hours at Dubai Criminal Court in a case against three former company officials.

Former minister and Chairman of Deyaar, MK, the company's CEO, ZS – an Arab of US nationality – and JD, an absconding Indian, are accused of fraudulent practices in the functioning of the company.

Yesterday, Mohammed Mustafa Hussein, of the Financial Control Department at the Ruler of Dubai's Office, was called to give evidence.

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