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He was a key part of Peru's so-called war against Shining Path and Tupac Amaru leftist rebels, which left more than 69,000 dead and 21,000 missing
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Accused in Tamweel Graft Case Described as ‘Public Officers’
DUBAI — The Public Prosecution presented on Sunday the court with a modified arraignment sheet in which it described Tamweel’s former two senior executives, standing trial for alleged financial irregularities, as public officers assigned with a public service.
Damaging Tamweel’s interest is a new charge the Public Prosecution added to the arraignment sheet. The prosecution doubled the sum which the two defendants collected in alleged illegal profiteering in one count.
The two Emiratis are now accused of collecting more than Dh41 million in bribes when purchasing and then reselling three plots of land to make personal gains while in their posts as public officers.
They allegedly collected the bribes to pass a partnership agreement between Tamweel and Bonyan Holding.
Earlier Egyptian audit director Mohammed Moustapha told the court of First Instance that after drawing up the financial report, on which the Tamweel case has been built, he found out that the senior executives of the real estate finance company, made illegal profiteering amounting to Dh20 million through the sale of plots in the Jaddaf project.
The auditor spoke about ‘fishy business deals’ made by the Tamweel senior executives in 2007 and 2008.
The two former senior executives are now accused of damaging the firm’s interest and thus making Dh13.8 million in illegal profits by purchasing and resale of two other plots of land (they allegedly purchased at a price less than the market value and resold at a higher price).
Three other executives are also standing trial in the case including an Investment Department director in Tamweel (Jordanian), a chairman of a private real estate company (Jordanian), and the Emirati former CEO of Dubai Islamic Bank (DIB).
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