source Arabian Business
Sami Al-Hashemi, the former Chief Executive Officer of the real estate developer Mizin, was questioned by the public prosecution office over irregularities in selling lands, Dubai's Attorney General Isam Isa Al Humaidan confirmed on Wednesday.
Al-Hashemi is facing corruption charges and is being held in police custody pending investigations, UAE's state news agency WAM reported.
Al-Hashmi is the latest in a number of executives at government-controlled companies to be arrested in an anti-corruption crackdown.
Related: Former Tatweer VP arrested
Executives at Dubai Islamic Bank, Islamic mortgage lender Tamweel and developers Deyaar and Sama Dubai have all been arrested over the past couple of months in connection with the investigation into alleged financial irregularities.
Mizin has launched three real estate projects - Liwan, Majan and Arjan - within Tatweer’s mega tourism development Dubailand.
Tatweer is part of Dubai Holding, a government-owned company.
Friday, October 24, 2008
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