A former Deyaar CEO has been accused of corruption for the fifth time.
American-Lebanese businessman Z.S. is charged with causing an intentional loss of public funds while renting a building from a former top official.
The Dubai Public Funds Prosecution said 48-year-old Z.S. and his successor as CEO of Deyaar, German M.G., deliberately lost Dh4.5 million between January 2008 and February 2010, while working for the property company which is 41 per cent owned by Dubai Islamic Bank.
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