Dubai Civil Court Orders Two Defendants to Repay Dh20.7 Million for Investment Fraud
The Dubai Civil Court of First Instance ordered two defendants to jointly repay Dh20,726,390 ($5.636 million) fraudulently taken from a company under the guise of an investment and share-acquisition deal. The court also awarded the plaintiff Dh3.5 million in damages for loss of fund use, plus 5 percent annual legal interest. The ruling followed a final criminal conviction that sentenced both individuals to two years in prison and deportation.


