Browse
related articles
Dubai executive gets 5-year jail term
- United Arab Emirates: Wednesday, November 04 - 2009 at 15:27
A former senior executive at Istithmar World, the international investment arm of Dubai World, has been given the longest prison term yet in the emirate's major crackdown on corruption, the National has reported. The British manager, referred to only as CT in court, was jailed for five years and ordered to pay almost Dhs10m ($2.7m) in fines after being found guilty of embezzling $1.34m. was accused of purchasing stocks for Istithmar from a British horse brokerage company that he owned, then pocketing a portion of the funds, the paper said.
Related Content
Article Options
StaffWednesday, November 04 - 2009 at 15:27 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
