April 12, 2009
Mohammed bin Kharbash is to be sent to trial after an investigation into events at Deyaar, the real estate unit of Dubai Islamic Bank. .... Mr bin Kharbash, the former chairman of Deyaar, had allegedly helped Zach Shahin, the developer’s former chief executive, to seize company money. Mr Shahin, a US national detained by Dubai’s authorities last year, will also face charges of alleged bribe-taking. Trials have already started against other executives at Dubai Islamic Bank, in which the government holds a 30 per cent stake, as well as developers such as Sama Dubai, part of the Dubai Holding conglomerate.
Sama Dubai btw has some non trivial issues.
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This is good to know, but I think Dubai is facing much graver problems, like pollution and slave labor. But maybe that's just me...
Posted by: abu daoud at April 13, 2009 08:21 AM
Ah, an evangelist idiot.
Slave labour does not exist in Dubai, not in any proper sense of the word slave. Pollution... eh.
Posted by: The Lounsbury at April 13, 2009 03:25 PM