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- Dubai 04:26 05:44 12:20 15:47 18:50 20:08
Total amount of delayed rents in the Al Boom case. The Al Boom accounts have been frozen. (EB FILE)
In the first hearing session of the Abid Al Boom case at the Court of Appeal yesterday, the court agreed to the request by the defendant's lawyers Hassan Al Raeesi and Ali Al Falasi to write to the committee formed by the order of the Ruler of Dubai to investigate the financial situation of Al Boom and see whether the delayed rents of Dh1.3 million can be paid to the committee.
The lawyers said Al Boom was not able to pay because of the Attorney-General's decision to freeze his accounts.
The Dubai Court of Misdemeanour had sentenced Al Boom to one year in the case filed by Al Majid Properties for the unpaid rents. Al Boom issued two bounced cheques. The case was adjourned to August 16.
In the case of Dh44 million embezzlement by two employees of the Federal Exchange, the Dubai Court of Misdemeanour yesterday set July 7 as the next hearing date. The two defendants are: company owner MH (61, Emirati) and administrative manager MZ (Algerian) who are charged with breach of trust and embezzlement.
The case was adjourned because of the absence of witnesses NQ, company manager and wife of MZ, and federal accountant Mohammed Assef.
The owner had paid Dh17m to some of the plaintiffs. The remaining Dh27m belong to 29 other plaintiffs.
In a previous session, the court heard the testimony of the legal advisor of Bin Hendi Enterprises who said he had heard that MZ manipulated the exchange company's funds and used them in forex trading, losing Dh14m to Dh15m. The company owner had no knowledge of this, said the witness.
NQ told the police her husband withdrew Dh22m from the company accounts to pay part of the value of a floor in Sky Garden.
The company's accountant said that at NQ's request he wrote a cheque for Dh22m for the same reason.
In the Mashreq case, which involves a lawsuit against Saudi businessman Maan Al Sanea, demanding the return of Dh542m, the Dubai Commercial Court yesterday adjourned the case to July 19.
The court had referred the case to an accountancy expert to find out whether Al Sanea had obtained a loan from the bank, whether he paid back any of the money and how much.
Mashreq is also demanding the fees, advocacy costs and an interest of nine per cent a year from the due date of payment – June 10, 2009.
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