A final ruling by the Cassation Court acquits Kharbash of “Deyaar” corruption.

The Dubai Court of Cassation finally acquitted the late Minister Mohammed Khalfan bin Kharbash, in the major corruption case at Deyaar Real Estate Company, after a long phase of litigation, during which Kharbash died last year. It also acquitted five others whose names were mentioned in the indictment, including Indian executives. A Lebanese sales official, a Palestinian, and a Pakistani representative, due to insufficient evidence.

While the Cassation Court upheld the Court of Appeal’s ruling in the same case imprisoning the former CEO of Deyaar, the American of Lebanese origin, Zach Shaheen, for 10 years, along with other defendants on charges of committing financial violations amounting to approximately 250 million dirhams, it also ruled obligating them to pay a fine of 36 million dirhams, and to pay the same amount as compensation. For the company.

The Court of Cassation concluded the last chapters of the “Deyaar Company” corruption cases, which went through a long litigation phase that lasted nearly eight years, including the main case in which the late minister was accused, according to the referral order from the Public Prosecution, of deliberately harming the interest of the state by seizing a profit and facilitating it to the former president of the company. Zak Shaheen was accused of obtaining public funds, while the latter and the former director of operations of Deyaar were accused of requesting, accepting and taking bribes in violation of their job duties.

She said that during the years 2006 and 2007, the three defendants committed crimes of seizing the company’s money, while she indicated that the minister, when he was assigned to public service by the Dubai government, headed the board of directors of Dubai Islamic Bank, in which the government owns 30%, and Deyaar Real Estate Development Company, which owns the bank. In which 45% is held, he exploited his position to unlawfully seize 56.6 million dirhams owned by the two aforementioned entities.

Five other defendants were also charged with the minister on charges of exploiting his position for illegal profit, wasting public funds, disclosing secrets, forgery, embezzlement, bribery, and other charges, but after studying the case files and auditing by experts from the Financial Control Department, the court was certain of the innocence of the minister and the five defendants. Due to insufficient evidence, while the Court of Cassation at the same session upheld a ruling imprisoning Zak Shaheen for 15 years and a fine of 56 million dirhams, in another case related to the practices of… Corruption in Deyaar Company, bringing the total sentence imposed on Shaheen in the two cases to 25 years.

The cases of American businessman Zach Shaheen have witnessed successive developments since he was referred to the judiciary in 2009 on the grounds of illegal activities and exploiting his position in Deyaar to complete deals and obtain commissions unlawfully, inflicting huge losses on the company in collusion with others.