The Dubai Criminal Court heard the testimony of Mohammed Mostafa, the head of the Financial Control Department of the Ruler’s Court in the main Deyaar Corruption case who has estimated the value of suspicion transitions at Dh250m.
The court will reconvene on December 19 for the expert to continue his testimony. For more than an hour the jury headed by Al Saeed Barghouth, listened to details from the expert on Tuesday related to some but not all of the transactions.
The expert had, in a previous hearing, submitted his complete report about the case and was asked to make oral testimony by the court based on the defence lawyers’ requests.
However, the defence lawyers who were allowed by the court to review the report, have objected to the documents submitted by the expert and on Tuesday they maintained their right to appeal them as being forged.
“We will wait until the expert finishes his testimony and will appeal against the documents which are not authentic,” Ali Al Shamsi told Emirates 24|7.
In his testimony, Mostafa specified the authorities been given by Deyaar to its former CEO, ZS, and how he exploited them.
He also stated that a company owned by a former minister who was also chairman of Deyaar, MKK, 52, was not licenced to construct multi-storey buildings. “Despite that the company had signed contracts with Deyaar for the construction of multi-storey buildings
MKK, former minister and former chairman of Deyaar; ZS, former CEO of Deyaar and JMD, Indian fugitive, were accused by the prosecution of corruption, criminal complicity and bribery amongst each other and harming the country’s welfare over the years 2006 and 2007.
According to the accusation sheet MKK, the former minister who was also the chairman of both Deyaar and Dubai Islamic Bank that holds 45 per cent shares of Deyaar and which Dubai Government holds 30 per cent of its (DIB) shares, has unlawfully took for himself Dh56.6m from both Deyaar and DIB.
He was also accused of facilitating for the second accused ZS taking for himself Dh53.5m from both Deyaar and DIB with the aim to make personal profit.