Former head of Dubai Islamic Bank detained

Financial Times, UK October 16 2008
By Simeon Kerr

The former chief executive of Dubai Islamic Bank has been detained as part of a probe into alleged financial irregularities at the bank’s real estate subsidiary, Deyaar.

Saad Abdul Razak, who has also left his current post with Investment Corporation of Dubai, was taken into custody two weeks ago as the probe broadens, but the nature of the allegations are unclear, said a person aware of Mr Abdul Razak’s situation (...)

 
Posted October 16th, 2008 by hd
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