zlacker

>>Geeket+(OP)
I can't say I'm surprised, but I can't help but feel he would have been much better off if he wasn't so rich. I wouldn't be surprised if they kept him locked up for life to ensure there is no possibility for anyone to contest the property seizures.

Corruption at its finest.

>>zivkov+Gg
He admits he committed fraud (using DIB funds for the Plantation on a project in Pakistan), so how is this corruption? I'm not fond of the continually extended jail time, but he is a criminal. The story title should really be "The Dubai Financial Fraud Trap".

>>alista+Oo
Oh I agree that he should be jailed for fraud, especially considering he admits to it, no argument from me there.

> I'm not fond of the continually extended jail time

This is kind of the point, because the bank (and I'm guessing ministry, politicians, etc.) seized assets, ignored or outright altered the terms of contracts, and participates in other shady business, the jail time seems like a convenient (and effective) means of suppressing push-back.

The spoils end up in private hands, those that were in charge of the banks, ministries, courts, etc. It is not only Dubai, you can see similar behaviour all over the world. But hey, if you want to play with the big dogs, you might get bit.