The nol cards can be used not only for public transport but also to make essential purchases at participating retail outlets in the emirate
From the complaint filed under the Black Money Act it was noticed that $4.9 million was received on June 13, 2008 in the undisclosed bank accounts of Santech International FZC in Dubai, a company owned by Bhandari. A company Sky Lite Investment was floated in April 2009 by Thampi for the purpose of acquiring immovable assets. No actual business was conducted by this company.
Bhandari identified a property Villa D-44 Palm Jumeriah Dubai to be purchased through Sky Lite Investment FZE for Dh8.6 million in November 2009. This transaction did not materialise but the fact remains that this transaction about property to be purchased in the name of Sky Lite Investment of Thampi was monitored by Bhandari as the draft MoU for purchase was sent by the buyers to Bhandari and not to Sky Lite Investments.
After this deal did not materialise, Bhandari identified and purchased London property by acquiring 100 per cent share of Vortex Management Holdings a British Virgin Islands based company by making payment from the account of Santech International FZC, a Bhandari company.
The nol cards can be used not only for public transport but also to make essential purchases at participating retail outlets in the emirate
The Italian company stands as the first Italian real estate brokerage group operating in the UAE
'The Australian batter also thinks 'there's no one better in India to have behind the stumps'
Policybazaar.ae unveils heartfelt short film advocating the need for term insurance
The app allows citizens to use digital documents on their smartphones instead of physical ones for identification and sharing purposes
With Dilly leading the company, the company continues to explore emerging technologies to ensure its solutions stay relevant to the industry
Companies that obtain an ADGM licence will enjoy certain benefits, including a streamlined transition process
If you're planning a trip to Dubai, be sure to visit Renty for a first-class driving experience