Dubai: An arrest warrant has been issued against the senior executive of a well known real estate company, a senior public prosecutor told Gulf News on Monday.
H.A.Z. of Dynasty Zarooni Real Estate is "wanted and it's a matter of time before the law enforcement officers bring him in for questioning," the public prosecution official said. He didn't say when exactly the warrant was processed.
Ayman Merdas, of Al Sharif Advocates and Legal Consultants, the law firm representing H.A.Z. and the company's chairman, K.M., said the investigation is ongoing but declined to comment whether H.A.Z. has been detained upon the arrest warrant or not.
Salem Al Sha'ali, the legal representative of a number of investors, said "My clients have lodged nearly 30 complaints worth around Dh300 million against the suspects& we have officially requested the public prosecution to arrest and question H.A.Z."
"We also asked the public prosecution to question a number of developers to testify to the fact whether K.M. was authorised to sell their properties... ."
Earlier, both executives told Gulf News they were both "in the clear" and blamed the case of "nervous investors."
- With inputs from Suzanne Fenton, Staff Reporter
© Gulf News 2009
