A Dubai court on Tuesday granted bail to five men who were in May 2009 awarded varying jail terms besides hefty fines in the Tamweel-Bonyan corruption case.
The Dubai Appeals Court that heard the bail pleas will now hear the defence arguments against the order on September 14.
Presiding Judge Mustafa Al Shennawi granted the bail to Tamweel's ex-CEO, AA (38), ex-commercial president AA (44), former executive director SM (40) -- all Emiratis -- former director of its investment department FK (28), and Bonyan's former board chairman AS (33), both Jordanian nationals.
All of them pleaded innocent and denied charges of abusing public office, wasting public funds, bribery and financial irregularities.
The court had in May 2009 awarded them jail terms and ordered them to pay Dh35 million as fines and Dh10 million to Tamweel.
The amount embezzled in the scam involving top executives of Tamweel and Bonyan adds up to Dh45 million.