12 fined Dhs1.96 million over bank scam
Twelve men who ganged up to siphon Dhs175, 000 from a policeman’s joint bank account have been jailed for 174…
Legal
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Dubai regulator secures $52,500 fine through British courts
The Dubai Financial Services Authority has successfully pursued Andrew Grimes, formerly of Clements Dubai Limited, through the UK courts for…
Digital giants ‘profiting’ from settlements; call to oppose Eurovision
Digital tourism giants Airbnb, Booking.com, Expedia and TripAdvisor are profiting from “war crimes” by offering services in Israeli settlements, rights…
Agusta accused deported from UAE
Rajiv Saxena, one of the accused in AgustaWestland scam, was deported from the United Arab Emirates to India on Wednesday…
Barclays' lawyers did not object to £322m fees paid to Qatar, court told
A senior Barclays banker raised red flags over the terms of a multibillion-pound fundraising deal with Qatar and said the…
Dubai Has Become A "Money Laundering Paradise" Says Anti-Corruption Group
The Gulf city of Dubai has been slammed as a “money laundering paradise” by leading anti-corruption group Transparency International. …
Jury to hear groundbreaking charges against top UK bankers
More than a decade after Barclays turned to Middle Eastern investors for rescue funds during the financial crisis, a jury…
Heera Ponzi scheme victims welcome charge sheet against CEO
Heera Group Ponzi scheme victims in the UAE have welcomed the charge sheet filed against the company’s CEO in India…
Lawyers Raise Prospect Of "Special Measures" Against Dubai As Dispute Over Frozen $500M Drags On
Lawyers acting for an investment firm trying to regain control of almost $500m that has been frozen in a Dubai…
19 Malayalis accused in Rs 1,200 cr UAE bank loan fraud
As many as 19 persons from Kerala has been named accused swindling Rs 1,200 crore from banks in United Arab…
Magical wealth manager scams $3.7m from believers
Volatile markets and the fear of making an investment blunder can lead some people to make strange decisions, but turning…
Former Barclays bosses deny fraud over £6bn Qatar fundraising during the financial crisis
Barclays' former boss has appeared in court to deny fraud charges. John Varley and three colleagues – including Roger…