Dubai's highest court has rejected half of the US$1 billion (Dh3.67bn) payment six businessmen convicted of defrauding Dubai Islamic Bank have been ordered to make.
The 10-year prison sentences for all the men were upheld by the Court of Cassation, however, and they still must pay a Dh1.8bn fine. The court ordered the Court of Appeal to reconsider the second half of the payment.
That means the repayment of the funds to the Dubai Government will be the subject of a new trial.
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