Loading ...Former Dubai Islamic Bank boss sentenced to three years in prison
By Ben Flanagan • Mar 15th, 2010 • Category: Middle East Business NewsSA, also formerly a board member with the developer Deyaar, is fined more than $27.2 million.
Posts Tagged ‘fraud’
SA, also formerly a board member with the developer Deyaar, is fined more than $27.2 million.
Scams
By Kipp • Feb 27th, 2010 • Category: Cover Story, The Business of...From Ponzi schemes and ‘419’ frauds, to duff Italian suits and ‘bulletproof’ powers, the Middle East is no stranger to the (often bizarre) arts of the conman.
Seven people arrested in the UAE for $10 billion fraud
By Kipp • Jan 23rd, 2010 • Category: Middle East Business NewsThe men apparently tried to fraudulently withdraw $10 billion from the UAE Central Bank.
Agility still in hot water
By Dana El Baltaji • Dec 29th, 2009 • Category: Cover Story, Finance, Regional, lawAgility’s high-profile tiff with the US government continues. The firm is currently in talks with the US government to settle the matter out of court.
Not so corrupt
By Aarti Nagraj • Nov 18th, 2009 • Category: Cover Story, Nation, The Work, trendsThe UAE has been seeing many high-profile cases of fraud in the last year, thanks to which the perception of corruption in the country is declining.
Agility stock falls 8.3 percent after $8.5 billion fraud charge
By Kipp • Nov 17th, 2009 • Category: Kuwait, Middle East Business NewsShares of Kuwait-based logistics company…
Jordan busts gang forging residence permits for Iraqis
By Dana El Baltaji • Nov 11th, 2009 • Category: Middle East Business NewsJordanian security authorities have broken up a network involved in forging residence permits for Iraqis...
British manager at Istithmar World given five year jail sentence
By Kipp • Nov 4th, 2009 • Category: Middle East Business NewsA senior manager at Istithmar World, part of government-owned Dubai World, was sentenced to five…
Damas digging deep
By Aarti Nagraj • Oct 15th, 2009 • Category: Cover Story, Finance, Nation, The WorkThe jewellery company has appointed PWC as an external auditor to scrutinize the “unauthorized transactions” performed by its ex-CEO.
I-mate crippled by internal fraud
By Kipp • Sep 23rd, 2009 • Category: Middle East Business NewsThe founder and CEO of Dubai-based smart phone producer i-mate said on Wednesday his company has been hit by…
Five high-profile arrests in the UAE
By Aarti Nagraj • Aug 5th, 2009 • Category: Cover Story, Crime, Dubai, Nation, The PeopleMany expatriates face jail terms in the UAE for crimes ranging from indecency to murder. Here are a few cases that caught international media attention.
Iran industry minister found guilty of fraud
By Dana El Baltaji • Jul 28th, 2009 • Category: Crime, Iran, Middle East Business NewsThe Iranian industry minister, Ali Akbar Mehrabian, has been found guilty of fraud by the nation's court...
Lawyers for jailed ex-Nakheel employees claim lack of detail in fraud charge
By Dana El Baltaji • Jul 20th, 2009 • Category: Crime, Dubai, Middle East Business NewsLawyers representing two Dubai-based Australian men accused of fraud have asked for more information regarding the charges...
Fraud in Dubai
By Aarti Nagraj • Jun 23rd, 2009 • Category: Cover Story, The Business of...The emirate has witnessed high-profile fraud cases worth millions of dollars in the last year.
Deyaar in hot water
By Dana El Baltaji • Jun 22nd, 2009 • Category: Cover Story, Crime, Dubai, Real estate, The WorkFormer Deyaar employees have been accused of orchestrating a web of fraud and bribery by a team of prosecutors appointed by Sheikh Mohammed. This is getting serious.
