Dubai court upholds GFH claim against 'fraudster' David Haigh - The National

Dubai court upholds GFH claim against 'fraudster' David Haigh - The National:

A Dubai court ordered a former deputy chief executive of GFH Capital, the investment banking arm of Bahrain’s GFH Financial Group, to pay out $6 million in damages and other costs to GFH Financial on Wednesday, after he was convicted of fraud and embezzlement in 2015. DIFC Courts judge Sir Jeremy Cooke referred to the defendant David Haigh as a “fraudster” in his judgment issued on Wednesday afternoon, seen by The National. He granted GFH Capital’s claim in full, plus legal costs and exchange rate fees as the monies to be paid are in different currencies. “The court, bearing in mind the seriousness of the allegations made, is satisfied on the evidence that the defendant is a fraudster who caused to be paid into his own bank accounts and that of his close friend, monies belonging to the claimant in the sums of £2,039,793.70, Dh8,735,340 and US$50,000,” the judgment said.