A former Deyaar chief executive was charged this morning with misusing his powers and approving bids in return for Dh20 million in kickbacks, and three others faced separate related charges.
Prosecutors said that between 2004 and 2007, the American ZS, 45, who was responsible for managing bids for the company had deliberately approved high offers in return for a bribe, damaging Deyaar.
KM, 61, an Argentinian partner at another company, was accused of Dh10m in bribes as part of the scheme, along with FL, Canadian, and AS, British, who are at large. KM also faces a separate charge of forging bills and using them.
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