DUBAI // The lead witness in a number of major fraud trials was fined Dh1,000 (US$272) yesterday for again failing to appear at a hearing in Dubai Criminal Courts.
Mohammed Hussein Mustafa, who works in the emirate's financial department, failed to appear for the prosecution in the Dh42 million trial of the former chief executive of the home finance company Tamweel.
Mr Hussein has been called to testify in a number of other trials, including the Dh1.8 billion DIB trial and the Deyaar trail that implicates the former head of Deyaar and a former minister of state.
Though he has not appeared in any of those trials, Mr Hussein's fine was only for yesterday's non-appearance, the court said.
In the Tamweel trial, AS, 38, and four co-defendants are accused of defrauding the Dubai Commodities Centre and the Dubai Maritime City through illegal commissions and fraudulent transactions.
AS is the former head of Tamweel and the former deputy chief of Istithmar World, a part of the investment company Dubai World.
His co-defendants are AN, 44, his former deputy at Tamweel; WG, 57, managing director of Vakson Freehold Properties; RR, 54, a Ukrainian; and MY, 40, a Pakistani.
All five men have denied the charges.
Judge Hamad Abdel Latif earlier granted the defendants bail on the condition that each surrender his passport along with the passport of another person.
AS was also released on bail pending another ongoing fraud trial, in which he is accused of fraudulently obtaining Dh44m while he was Tamweel's chief executive.
Yesterday's hearing was adjourned to next week awaiting Mr Hussein's appearance.
amustafa@thenational.ae
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
About RuPay
A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank
RuPay process payments between banks and merchants for purchases made with credit or debit cards
It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.
In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments
The name blends two words rupee and payment
Some advantages of the network include lower processing fees and transaction costs
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'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
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Zayed Sustainability Prize
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Where to buy art books in the UAE
There are a number of speciality art bookshops in the UAE.
In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show.
In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.
In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.
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