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Dubai Properties chairman replaced
Dubai-based conglomerate Dubai Holding announced on Saturday it has replaced the chairman...
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Oct 31st, 2009
Dubai-based conglomerate Dubai Holding announced on Saturday it has replaced the chairman of Dubai Properties, Hashim al-Dabal, with an acting chairman, Ahmad Bin Byat.
Al-Dabal was arrested almost two weeks ago on suspicion of fraud.
“Mr. Al Dabal is accused of abusing his position and earning millions in illegal profit,” Attorney General Essam Essa al-Humaidan told Bloomberg on Friday. “We are questioning him almost daily and al-Dabal indicated he is ready to answer questions without having a lawyer present.”
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It is very sad to see the UAE Nationals disappointing their president Sheikh Mohammed Bin Rashed … I am a resident in UAE for long years and I see how much funds and facilities UAE Rulers grant their people and it’s extremely sad from all the stories we are reading to see nationals paying back their government with such a fraud .. and many of such stories can be recalled without mentioning names.