Detention of Deyaar’s ex-CEO to be Extended Until End of Probe

DUBAI — The Public Prosecution would extend the detention of Zack Shahin, former CEO of real estate developer Deyaar, till the prosecution needs his custody for completing investigation, Issam Eissa Al Humaidan, Dubai’s Attorney-General, said on Wednesday.

By Mary Nammour

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Published: Fri 10 Oct 2008, 1:16 AM

Last updated: Sun 5 Apr 2015, 7:30 PM

He was speaking on the sidelines of a ceremony held for awarding the Dubai Public Prosecution with ISO 2000:9001.

Shahin is being investigated for alleged financial irregularities in Deyaar. His detention was extended for the sixth time to 30 more days on Sunday.

Asked if the case of Shahin will be referred to the court by the end of the month, Humaidan said, “All options are there. We will take the necessary time to get our hands on all possible evidence and necessary internal and external audit reports. We may seize assets, extend detention or even release the suspects during the investigation. No case can be referred to the court before completion of investigation, including gathering of evidence and interrogation of witnesses.”

The Attorney-General did not rule out the arrest of some senior executives allegedly involved in financial irregularities during their stints in some high-profile companies in the coming days or weeks.

Al Humaidan said the Dubai Public Prosecution is the first judicial institution in the world to receive ISO 2000:9001.

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