Former DIFC governor accused of $13.6m fraud

25 Mar 2010

(MENAFN) According to a statement issued by Dubai’s government, authorities have detained the former boss of its financial district in connection with alleged financial irregularities involving nearly $13.6 million in bonuses, Reuters reported.

The former governor of Dubai International Financial Centre (DIFC), Omar bin Sulaiman, has been arrested in accusations of exploiting his position to embezzle public funds.

The statement said that the investigation pointed out that Sulaiman had obtained funds under the excuse of annual bonuses totaling $13.62 million.
A prosecutor said that a number of similar cases would be brought before the legal system in the future, the statement said.

It is worth mentioning that Omar Bin Sulaiman, who held a number of other high profile positions, was abruptly removed from his post as governor of the DIFC in November, days before the Dubai World debt crisis erupted, to be replaced by Ahmed Humaid Al-Tayer.

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