Business | Property
Third person arrested in Deyaar embezzlement case
A Lebanese sales manager has been arrested in connection with alleged financial irregularities at Deyaar, a Dubai property developer, Public Prosecution sources said on Monday.
- By Bassam Zaza, Staff Reporter
- Published: 08:41 April 28, 2008
Dubai: A 38-year-old Lebanese sales manager has been arrested in connection with alleged financial irregularities at Deyaar, a Dubai property developer, Public Prosecution sources said on Monday.
The suspect was detained four days back and more arrests are likely, said the sources.
Last week, police arrested a 49-year-old Indian manager in connection with the case.
Deyaar's Chief Executive Officer Zack Shahin had also been detained in connection with alleged financial irregularities. Deyaar said he subsequently resigned.
Apparently, Shahin has been moved out of Bur Dubai Police Station.
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
