Deyaar’s ex-CEO loses appeal in Dh30m graft case | GulfNews.com:
"Dubai’s highest court on Monday overturned the acquittal of Deyaar’s ex-CEO in the case of abusing his office and causing Dh30 million of losses in public funds by pushing through an illegal tender.
The Dubai Cassation Court’s presiding judge Mohammad Nabeel Riyadh referred the case of the 48-year-old American-Lebanese Z.S. back to the appeal court.
In November 2013, the Appeal Court scrapped a 15-year jail term and a Dh30 million fine against Z.S. and acquitted him of abusing his position and helping Thermo, a construction services company, to win a tender illegally so he could make a personal gain of Dh20 million.
The Public Funds Prosecution appealed the acquittal before the Cassation Court."
'via Blog this'
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