Bahrain based banker and UK multi-millionaire Charles Ridley has been detained in Dubai without benefit of legal representation for almost one week, Arabian Business has revealed. Also detained with him is his business associate, Rayan Cornelius. Specific charges are not known but it is assumed his detention is related to certain investment funds. It is believed that Dubai Islamic Bank (DIB) may have invested in these funds.
Although the paper has not indicated any relation between the two actions, A former VP of Dubai Islamic Bank (DIB), Rifaat Othmani, a Pakistani national, has also been detained for "bribery allegations and receiving kickbacks from clients in return for favours". DIB is the UAEs largest Sharia compliant lender.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment