A report on the new Deyaar corruption case alleges that bribes totalling Dh30.51 million were paid. The report was prepared by the Financial Audit Department and submitted to the Court of Misdemeanour by the public prosecution yesterday.
The accused are Deyaar's former CEO ZS, 45, a US national; Argentinean KM, 61, a trade partner; and Canadian FL, who is at large and is being tried in absentia. ZS appeared angry when the public prosecution presented the report in court. The case has been adjourned to March 7.
Earlier, the court refused an application by the ex-CEO's lawyer, Ali Al Shamsi, seeking his release on bail. The lawyer said ZS was seriously ill and could not undergo full medical treatment while in custody.
The court also heard the testimony of Kamal Fanjani, the financial manager of Ambiance Technology which is owned by KM, along with the testimony of Lieutenant Anas Abdullah of Dubai Police.
The public prosecutor referred the defendants for trial for allegedly demanding Dh30.51m from Thermo company for awarding it some Deyaar contracts. They are said to have violated their duties as the first defendant was Deyaar's CEO, the second was a partner at Ambiance Technology, and the third was a projects manager at Thermo.
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.