Deyaar’s ex-chief executive officer has once again proven his innocence following more than six years in court as on Tuesday he was cleared of abusing his office and misappropriating Dh30 million through an illegal tender.
The Dubai Appeal Court acquitted American-Lebanese Z.S. of abusing his former job as Deyaar’s CEO and committing financial irregularities by pushing through the illegal tender with Thermo, a construction services company.
Presiding judge Aysar Fouad acquitted Z.S. after overturning the previous ruling, according to which the former CEO was ordered to spend 10 years in jail and jointly pay a fine of Dh30 million with three other convicts.
The original article can be found at gulfnews.com