June 17, 200 Al-Boom: The delay in disbursing depositors’ rights was due to factors beyond my control. Photography: Mostafa Qasimi The Chairman of the Board of Directors of the “Al-Boom Holding Company”, Abed Raei Al-Boom, acknowledged yesterday that he had stopped paying sums of money to depositors, justifying this by the fact that the Dubai […]
Album: Payment is contingent on the recovery of my corporate bonds Read More »
On June 18, 2008, the court referred the accused, H.Y., an employee in the customer service department of Arab Bank, to an expert committee to examine the allegations of embezzling 200,000 dirhams from the bank. The session was adjourned to June 26. The defense lawyer, Nasser Hashem from Al Kamali Law Firm, argued that the
Dubai Criminal Court has postponed the hearing in an embezzlement case Read More »
Dubai Public Prosecution has charged a businessman, identified as A.K., with money laundering and released a second suspect, a female employee at a local bank. The decision to release the second suspect was based on the lack of evidence linking her to the alleged criminal activity and facilitating money transfers within and outside the country,
Date: November 1, 2006 The Dubai Public Prosecution has initiated an investigation into an attempted theft case involving an Arab family residing in the UAE for 18 years. The wife, identified as “N.A.”, was accused of falsely implicating her husband, “M.M.S.”, in a theft case, despite his innocence, as he accompanied her to a City
