Monday, 20 May 2013

Aussie given 10 years in Dubai jail as colleague acquitted

"One Australian executive has been sentenced to 10 years' jail in Dubai but his junior colleague acquitted in a spectacular climax to their four-year battle against property fraud charges.

In a verdict on Monday, described as a travesty of justice by Matt Joyce's supporters, the Ruler's Court rejected his defence against claims that he received $6 million in a plot to swindle an Australian developer, Sunland, out of more than $12 million in a Dubai land sale.

But the court found that Marcus Lee, Joyce's colleague at the government-owned Dubai Waterfront, received no money – and that the land deal he helped to prepare was approved by Joyce and other superiors at Nakheel, a Dubai government-owned master developer."

'via Blog this'

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