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uae|29 July, 2019

Former Free Zone CEO in UAE gets 10 years in jail

He has been found guilty of embezzlement of public funds

  
Image used for illustrative purpose.

Image used for illustrative purpose.

REUTERS/Michelle Shephard/Pool
By Ahmed Shaaban, Khaleej Times

The Ras Al Khaimah Criminal Court has sentenced Oussama Al Omari, CEO and Director-General of Ras Al Khaimah Free Trade Zone Authority, to 10 years in jail on charges of squandering and embezzling public funds.

The Court, presided over by Chief Judge Sameh Shaker, also ordered Abdulrahim Mirzaq, another former official involved in the same lawsuit, to serve three years in prison on relevant charges.

As per the court records, the case unfolded when the suspects founded a bogus company for renting and re-renting hotels in violation of law.

The RAK public prosecution also charged the suspects with squandering public funds on renting a hotel for years without any benefit.

"They have formed a bogus company for renting hotels just to embezzle the public funds of the Ras Al Khaimah Free Trade Zone Authority."

The court found the suspects guilty and ordered them to serve the jail terms. They were also ordered to pay back the Dh2.128 million they illegally squandered, and slapped them with a similar fine (Dh2.128 million).

 

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