Lawyers for Bisher Barazi, the former Dubai International Financial Centre (DIFC) executive accused of improperly awarding himself and two other officials US$4.8 million (Dh17.6m) of bonuses, denied the allegations in a filing with the DIFC Courts made available yesterday.
Mr Barazi engaged in no wrongdoing in awarding bonuses based on the 2007 financial performance of DIFC Investments (DIFCI), the financial arm he headed until his suspension last year pending an investigation into alleged irregularities, his lawyers argued in their first defence against the claims.
Responsibility for running DIFCI and distributing bonuses lay not with Mr Barazi but with the DIFC’s former governor, Dr Omar bin Sulaiman, Mr Barazi’s lawyers said in the response, filed on Sunday and released by the courts yesterday."
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