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
  • Gulf News

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.

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