Corruption: UAE to recover Dh1b

Abu Dhabi: The State Audit Institution, the UAE’s anti-corruption watchdog, said on Sunday it demanded recovering more than a billion dirhams from illicit financial flows involving misappropriation of public funds, forgery, fraud and bribery cases that took place in 2010.

Dr Harib Saeed Al Amimi, President of the State Audit Institution, said 10 graft cases were reported to the public prosecutors over the last two years involving illicit financial flows of hundreds of millions of dirhams.

The UAE, however, remains one of the most investment-friendly countries in the region, according to an anti-corruption watchdog survey published in December.