Defence argument in Deyaar case next month

The Dubai Misdemeanour Court adjourned Deyaar 2 case, in which nine employees have been accused of embezzling $74million (Dh271.8m), until November 8 for the defence laywers to submit their argument on the auditor’s report.

In a previous session, a memorandum from the Dubai Financial Control Department, commenting on the report prepared by the Deyaar auditor, was submitted in court. 

The nine accused are  ZS, American; JK, Indian; SB, Lebanese; KM, Argentinean; HS, Palestinian; JB, Indian; HS, Pakistani; JM, Indian (fugitive); and NS, Indian. 

The Dubai Prosecution accuses ZS, former Deyaar CEO of embezzlement, breach of trust and forging unofficial documents and using them, criminal complicity and revealing the company’s secrets.

ZS is also accused along with NS of manipulating booking and selling of unit operations worth Dh15m.

Along with JKK, ZS is accused of dissipation of Dh6m by submitting promotion purchase orders with false prices. The purchase orders were dispensed and the amounts deposited in the their accounts. The rest were accused of criminal complicity and defrauding the company by making false booking of units by two real estate companies owned by KM.

This is a sub-case of the Deyaar corruption and embezzlement case in which former minister and chairman of Deyaar, MK, former CEO, ZS, and GM, Indian fugitive, were also accused.

The defence lawyer of the fourth accused has asked the court for granting bail to his client for whatever guarantee it may deem convenient.

Similarly, the lawyer of the third accused asked the court to bail his client pleading that he had been in custody for the past three years.

The accused attended the hearing with their lawyers. The plaintiff’s lawyer Issam Al Tamimi insisted on all civil rights claims.