Deyaar probe won't harm profitability, chairman says
United Arab Emirates: Thursday, May 01 - 2008 at 11:02
Deyaar Development Chairman Nasser Al-Shaikh said today the ongoing investigation into alleged financial irregularities at the firm will have 'no impact on the future profitability of the company', reported Bloomberg. Three company officials, including Deyaar's former Chief Executive Officer Zack Shahin, are detained and being questioned in connection with the alleged embezzlement.
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Jeff Florian, Senior ReporterThursday, May 01 - 2008 at 11:02 UAE local time (GMT+4)
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