Tamweel executives jailed 10 years for Dh46m Dubai Government land plot scam | The National:
"Two Tamweel executives who illegally pocketed Dh46 million by selling plots of land owned by the Dubai Government have been jailed for 10 years each.
Dubai
A A, 38, who was executive director of the property developer, and A N, 44, the commercial director, were also jointly fined Dh32m and ordered to repay the same amount to Tamweel.
In 2008, the two Emiratis sold two land plots in Jumeirah Lakes Towers and made Dh28m in illegal profits. They also sold a plot at Dubai Marina and made Dh18m in illegal profit.
They denied a charge of embezzlement when they appeared at the Dubai Criminal Court on June 16 last year."
'via Blog this'
No comments:
Post a Comment