Dubai acquits five in World Islands case
Dubai, November 7, 2010
A Dubai criminal court acquitted on Sunday five suspects in a corruption case involving the World Islands project developed by Dubai's Nakheel, without specifying the reasons for its decision.
The court also announced the expiry of a criminal claim brought by prosecutors against Samir Chinoy, a Nakheel sales executive and the primary suspect in the 22 million dirham ($6 million) case.
The acquitted five suspects included a Canadian, British, Bangladeshi, Russian and Chinoy's father, who had to stand trial after Nakheel reported a manipulation of its property sales on the man-made islands project shaped like a map of the world.
Chinoy died in July in what appeared to be a suicide. He died after falling from his balcony in a Dubai luxury hotel on July 9 this year, a month after he was granted bail.
Nakheel accused Chinoy of accepting bribes from four suspects and abusing his position in the company, while his father was implicated for collaborating in the crime.
Dubai launched a high-profile anti-corruption campaign in 2008 that saw the arrest of several well-known business figures. - Reuters