Dubai A case involving five executives accused of committing financial irregularities worth Dh42 million is back to square one after a court referred it to prosecutors because few transactions remain uninvestigated despite four years of litigation.
In an unexpected turn of events, the Dubai Court of First Instance on Tuesday returned the Tamweel graft case, involving two Emiratis, two Pakistanis and a Ukrainian, back to the Public Funds Prosecution for a fresh investigation.
Following four years of court proceedings, the judge was expected to read out a verdict during Tuesday’s hearing in courtroom three.
Instead, the judge returned the case file back to the prosecution for further investigation in certain counts of illegal profiting and kickbacks worth nearly Dh53 million.
Gulf News has learnt that the fresh investigation involves three plots of lands in Jumeirah Lakes Towers (JLT) and a fourth one in Dubai Maritime City.
Unlisted transactions
Prosecutors will have to examine the aforementioned transactions which remained uninvestigated, according to the decision.
“The transactions were unlisted in the original accusation sheet,” the decision read.
Prosecutors earlier charged Tamweel’s two former Emirati executives, A.S., the former deputy executive, and A.N., former vice president, with abusing their power as public servants and unlawfully earning around Dh24 million by selling lands in JLT, which were owned by Dubai Multi Commodities Centre (DMCC).
A.S. and A.N. were also charged with illegitimately earning Dh18 million through selling lands in Dubai Maritime City.
Aiding, abetting crime
Prosecutors also accused the Ukrainian director, R.R., and the two Pakistanis, W.G. and M.Y., with aiding and abetting the Emiratis in selling the properties in JLT.
All the defendants pleaded not guilty.
