16 September 2009

Submarine Capers

An interesting story is starting to build. The giant conglomerate, Dubai World, is suing Herve Jaubert, founder of Seahorse Submarines, in federal court in Miami for fraud and theft. They claim he misrepresented himself when they hired him to be CEO of Exomos, a company started to build luxury personal submarines for the rich owners of the islands in the Jebel Ali Palm and World developments.

Jaubert escaped from Dubai last year using skills he learned in the French Navy after the Dubai Police arrested and questioned him and confiscated his passport. He was tried in abstentia in Dubai Court, found guilty and sentenced to 5 years. He claims he is a victim of betrayal and corruption and has written a book about his situation and subsequent escape.

No comments: