Post the Covid pandemic, the Emirates has emerged as one of the most popular spots for destination weddings
uae6 hours ago
According to the court records, the public prosecution had referred in 2003 defendant Singh Chia in his capacity as General Manager of Pico International Co. and six others — Pico Art BTI Image owned by James Chia and represented by Singh Chia, Huston in his capacity as Manager of Pico International, Gregori Chia, another Manager of Pico International, besides Pico International in Dubai, its owners and manager Singh Chia, World Image, its owners and manager and Pico International Middle East. The complainant asked the court to order them to jointly pay Dh 30 million in financial and moral compensation.
He also demanded that the court delegate an accountant to calculate profits generated by World Image and Pico International in Dubai from the date of their establishment under the management of the first defendant Singh Chia.
In his case, the claimant Sulieman said that he owned 50 per cent of Pico International, while the second defendant Pico Art BT held 49 per cent. They both appointed the first defendant Singh Chia, third defendant Huston and fourth defendant Gregori as managers and later deputised Singh Chia as the General Manager of the company.
Sulieman said that he and his partner were surprised that the first, second, third and fourth defendants had told them that the company was sustaining losses and borrowed from him Dh188,980 which they didn't re-pay.
Later, he was shocked to learn that the company was making profits in millions. But when he asked them to give him his share from profits, they began to deceive and cheat him.
According to him, the defendants set up two companies-Pico International, Dubai (the fifth defendant) and World Image (the sixth defendant). They also transferred projects of Pico International to the other two companies Pico International Dubai and World Image. He also claimed that they made a fake sale of the assets of Pico International to World Image for a nominal value.
He also accused them of transferring the leasing contracts of the company's stores along with its phones and faxes to Pico International Dubai and World Image. They also allegedly took Dh9 million as management fees without prior agreement.
He claimed that the first defendant Singh Chia had taken Dh3 million as additional wages and therefore he demanded the court to compensate him after the third and fourth defendants went missing. He furnished the courts with a file of documents.
Advocate of the defendants Samir Jafaar told the court that the claimant Sulieman has no capacity in the lawsuit and as a partner has no right to claim anything on behalf of or in favour of the company.
Post the Covid pandemic, the Emirates has emerged as one of the most popular spots for destination weddings
uae6 hours ago
It bears the name 'Dubai' in Arabic and dates back to the 1960s
uae6 hours ago
The quake occurred at 3.03am local time
uae6 hours ago
Debutant and |Dubai amateur Oscar Craig makes the cut on a tough day dominated by warm winds
sports11 hours ago
In a packed leaderboard the tied second place was decided on a card countback with the Emirates Golf Federation 2 Team prevailing
golf12 hours ago
Chief organiser Tony Estanguet says the goal is to organise a 'spectacular but also more responsible Games which will contribute towards a more inclusive society'
sports12 hours ago
Hag will hopeful Luke Shaw, Anthony Martial and Lisandro Martinez will return before the season's end
sports13 hours ago
The menu is designed to showcase a diverse array of India's most popular snacks
kt network13 hours ago