iPhone | iPad
Android
Huawei
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
KT APPDOWNLOAD
Tamweel case: Fines of convicts revised
The Dubai Court of Appeal on Wednesday upheld the three-year imprisonment given to former CEO of Tamweel and his former deputy for collecting bribes worth millions of dirhams while purchasing plots in the Sama Al Jaddaf project at their cost price and then reselling them at higher prices.
The verdict, handed down by a bench presided by Judge Moustafa Al Shinawi, also modified the fines given to the defendants by the Court of First Instance in May 2010.
The bench sentenced both former top executives to pay jointly a fine of Dh13,820,628 and return jointly Dh3,766,559. The two and a Jordanian former chairman of a private real estate company were also jointly fined Dh21,275,190.
The two former executives of Tamweel were accused of embezzling millions of dirhams by purchasing and reselling other plots damaging the company’s interests.
The duo was acquitted of the charge of divulging confidential information.
The former deputy CEO and an Emirati former member on the Tamweel board were ordered to pay jointly a fine of Dh3,694,500 and return jointly an equivalent amount for causing Tamweel a loss of more than Dh3.6 million by purchasing a plot at less than the market value and reselling it.
Apart from the Tamweel’s two former top executives and the board member, two other executives are being prosecuted in the same case, including a Jordanian former director of Investment Department of Tamweel and a Jordanian former chairman of a private real estate company. The latter was accused of complicity in intentionally damaging public funds.
The Court of Appeal also upheld the one-year prison term given to each of the former investment department director (Tamweel), the former chairman of the private company and the former member of the board.
The verdict is subject to appeal at the Cassation Court within 30 days.
More news from
The left-handed batter scored 3369 runs in 136 one-day internationals and 2893 in 140 Twenty20 internationals — both Pakistan records
Food supplies were distributed to 80 households
On January 31, a heart was airlifted from Delhi to Chennai, paving the way for Ayesha Rashid's life-saving surgery
The online retailer, which is headquartered in Singapore, has said it has around 108 million monthly active users in the 27-nation EU
The baby girl named Rouh, meaning Soul, suffered respiratory problems and a weak immune system, a doctor at the Emirati Hospital in Rafah said
Specialised teams are currently managing the situation by cleaning up and removing the dead fish
The charges against them include planning terrorist acts, fundraising for the Organisation, and concealing the source and destination of those funds
