UNITED ARAB EMIRATES – Ex-CEO gets 15 years jail in fraud case

April 2013

The former CEO of real estate firm Deyaar, Zack Shahin has been sentenced to 15 years in prison by a UAE court after being found guilty of fraud. Dubai’s Criminal Court found Shahin guilty of accepting almost USD5.5m in bribes while at the helm of Deyaar, a developer based in the Emirate, between 2004 and 2007. He denied all charges....

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UNITED ARAB EMIRATES – Ex-CEO gets 15 years jail in fraud case

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