Business | Property

Second person arrested in Dubai embezzlement case

A 49-year-old Indian manager has been arrested and is being questioned in connection with alleged financial irregularities at Deyaar, a Dubai property developer, said Public Prosecution sources on Wednesday.

  • By Bassam Zaza, Staff Reporter
  • Published: 11:08 April 23, 2008
  • Gulf News

Dubai: A 49-year-old Indian manager has been arrested and is being questioned in connection with alleged financial irregularities at Deyaar, a Dubai property developer, said Public Prosecution sources on Wednesday.

Deyaar last week said Chief Executive Officer Zack Shahin had been detained in connection with alleged financial irregularities. Deyaar said he subsequently resigned.

Sources told Gulf News that there could be more suspect involved and that they are investigating.


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