Two new charges in Deyaar case

?Two new charges should be added to the list of offences committed by the first defendant in the Deyaar-2 case, Deyaar's lawyers argued yesterday.

Abdulmonem Suwaidan and Issam Al Tamimi, the lawyers, said first defendant, SA, should also be charged with concealing the fact that he contributed by five per cent to a piece of land that he sold to Deyaar. The second charge is the concealing of the land's real price. Deyaar had bought the land for Dh415 million, while another person, AZ, had purchased it for only Dh300m.

SA, Emirati, is a former Deyaar board member and former chief executive officer of Dubai Islamic Bank. He is out on bail and is accused of bribery along with second defendant, AJ, a businessman.

Deyaar's lawyers also petitioned the court to consider another person, AZ, as a co-accused in the case, since he was the one who gave a bribe to first defendant SA.

In addition, they brought another charge against AJ – that of mediation between AZ and SA to complete the bribery.

They said the funds embezzled from Deyaar were public funds, as the Dubai Government is a shareholder in DIB, which is a shareholder in Deyaar.

The court adjourned until February 14.

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