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Dubai Properties chairman replaced
Dubai-based conglomerate Dubai Holding announced on Saturday it has replaced the chairman...
October 31, 2009 10:08 by kippreport
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.”