Abed Al Boom bail refused

The Dubai Criminal Court refused to grant bail to Abed Al Boom who was detained in the previous hearing in the breach of trust case subject of investment portfolio filed against him by 3,700 petitioners regarding Dh1 billion embezzlement.

In the previous hearing the court cancelled the bail of Al Boom as it was proved that he did not pay $20 million in the account of the Judicial Committee assigned to settle his financial status.

The court took the decision after checking with the Judicial Committee if Al Boom had made the deposit to its account. Since the amount was not paid, the court decided not to grant bail.

On Sunday, the court announced receiving responses from two banks with which Al Boom has accounts and is still waiting for the rest of the banks to submit their reports.

The defence lawyers of the nine accused involved in the case asked the court to wait until all banks send their reports and then they would prepare their arguments on the bank reports.

Hussain Al Raisi, the defence lawyer of the prime accused in the case Abed Al Boom, who is also defending his brother, asked the jury presided by Judge Al Saeed Barghouth to bail Al Boom on the ground that he was on bail for more than one year and did not run away.

“The court has sufficient guarantors in addition to his passport. Besides, if Al Boom is bailed it would not hinder the investigation process but rather help the special committee assigned to probe his financial status to finish its investigations quicker,” he said while giving the reasons for which an accused is not bailed.

“You honour, my clients own properties of value exceeding the claimed amount, but since all are now seized how my client would pay his financial dues. We are aware that Al Boom has to pay the financial obligations regardless of the court’s sentence in the heard case.”

Al Raisi suspected the legality of initiating a court case against his client saying that Decree No 34 of 2009, which ordered a special committee to investigate Al Boom’s financial status, was earlier to initiate the court case.

“The prosecution should not have filed a case against my clients since there was such a decree,” he said.

And for this reason, Al Raisi said: “The Cassation Court has on September 27 ordered ceasing court procedures in the other Al Boom case related to bounced cheques against offices leasing contract he had with Juma Al Majed Real Estate.”

Ali Al Falasi, defence lawyer of six accused of criminal complicity, asked the court to make its sentence in the case, but Judge Barghouth said the jury cannot separate the bad cheque case and this one regarding the breach of trust accusation. The situation of both cases should be considered in tandem.

The defence lawyer of two of the accused in criminal complicity asked the court to withhold the case for verdict.

Judge Barghouth replied that the case will be withheld for verdict after receiving replies from all the banks that Al Boom has accounts with.

The court adjourned the case until November 7 for the defence lawyers to review the reports of two banks and to check with the special judicial committee regarding the guarantee contract that was supposed to be signed with the committee.

Besides, the court ordered to notify the relevant banks to submit their reports quickly to the court while continuing to detain Abed Al Boom.

Follow Emirates 24|7 on Google News.