Sunday 10 June 2012

Sunland says it will appeal Dubai fraud ruling - Real Estate - ArabianBusiness.com

Australia’s Sunland Group has said it will appeal its civil case against a Melbourne businessman who the property developer accused of deceiving it in a US$14m land transaction in Dubai.
The Gold Coast-based firm accused Matthew Joyce and Angus Reed of duping it into paying the multimillion dollar consultancy fee to release a plot in Nakheel’s cancelled Dubai Waterfront project, but a judge dismissed the case last week.
“[We] disagree in the strongest possible terms with the judgment handed down,” a Sunland Group spokesperson told the Sydney Morning Herald, adding it would appeal the decision.

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