Court orders retrial of Mubarak in embezzlement caseEgypt's high court overturned on Tuesday the only remaining conviction against Hosni Mubarak and ordered a retrial in his embezzlement case, opening the way for a possible release from jail for the ousted former president. Mub More… |
Bahrain banker sentenced in 4th caseA fugitive bank executive already sentenced to 10 years in jail in three separate criminal cases was handed another five-year sentence and a BD100,000 ($26,180) fine by Bahrain’s High Criminal Court, a report said. Former Un More… |
32 stand trial in Iran's biggest banking fraudThirty-two people suspected of involvement in a multi-billion dollar banking fraud with alleged links to the government of Iranian president Mahmoud Ahmadinejad have gone on trial in Tehran, the Iranian state news agency reported. The rec More… |
Bahrain to get tough on private sector briberyTough punishments against bribery and embezzlement in Bahrain's private sector have been approved by MPs. Parliament backed a government-drafted bill that will impose the punishments as Bahrain introduces new legislations to combat cor More… |
Dubai Properties ex-chair freed after repaying fundsFormer Dubai Properties chairman Hashim Al-Dabal has been released after repaying $35 million in public funds which he was accused of embezzling, the emirate's government said on Tuesday. The executive, who was detained in late 2009, s More… |