Financial Times FT.com

Dubai business leader in cash probe

By Simeon Kerr in Dubai

Published: November 11 2008 23:30 | Last updated: November 11 2008 23:30

A senior member of Dubai’s business and political elite has been caught up in an investigation into financial irregularities in the emirate’s property sector, the Financial Times can reveal.

A government financial audit department report identifies Mohammed Khalfan bin Kharbash, former chairman of Dubai Islamic Bank and its real-estate affiliate Deyaar, in connection with allegations of financial wrongdoing at Deyaar.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this