Wednesday, 27 April 2011

Record 10-year sentences over Dh1.8bn DIB fraud case - The National

Six businessmen were this morning sentenced to 10 years each in prison followed by deportation in connection with the Dh1.8 billion Dubai Islamic Bank fraud case, the harshest jail sentence yet in a fraud case before the Dubai Criminal Court of First Instance.

A seventh defendant was acquittted.

The case, which has been before the court since 2008, involves seven men, including two DIB executives, who were charged with fraud, embezzlement, bribery and forgery. All of them denied the charges when they first appeared before the court.

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