Former DIFC governor
is allowed to go on bail

DUBAI — The Public Prosecution released on bail the former governor of Dubai International Financial Centre (DIFC), a judicial source said.

By Mary Nammour (With inputs from AFP)

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Published: Sat 22 May 2010, 12:49 AM

Last updated: Mon 6 Apr 2015, 3:43 PM

“Omar bin Suleiman was freed after having deposited ... 51.5 million dirhams ($14 million), representing the total of the diverted sum,” Dubai’s Prosecutor General Issam Al Humaidan said in a statement.

The statement added that the deposited money was not a guarantee, or bail, but a “restitution” of the diverted funds.

However, it added that the investigation would continue and could result in formal charges or the case being dropped.

Investigations showed earlier, based on a report from the Financial Control Department, Bin Sulaiman abused of his post as governor of DIFC to avail of unlawful annual bonuses totalling about Dh50 million from public funds.

Bin Sulaiman was removed from his position as governor in November, just few months before his detention in connection with an investigation into financial irregularities.

His case is one of many involving senior officials holding key positions at firms, namely in the real estate sector and institutions.

Some cases have already been heard by the Cassation Court and thus closed. Other cases are still being examined by different panels.

mary@khaleejtimes.com



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