Register | Forgot password?
Switch to Arabic
Wednesday, November 11 - 2009

2nd person detained in Deyaar probe

  • United Arab Emirates: Wednesday, April 23 - 2008 at 11:54

A second person has been detained in connection with the investigation into alleged financial irregularities at Dubai-based property developer Deyaar, according to a report by Al Arabiya television. Dubai's Attorney General Essam al-Humaidan did not identify the second person, saying only that he was an Indian national. Last week Deyaar, Dubai's second-largest property developer by market value, said its CEO Zack Shahin had been detained in connection with alleged financial irregularities. Shahin has since resigned.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.