ABU DHABI // Five company officials accused of embezzling Dh423 million from an Islamic finance company have had the charges against them dropped on appeal after reaching agreement with the company.
In July 2009 the misdemeanours court sentenced AHQ and AQ, former chairmen of the Islamic Finance Company, Aafaq, as well as three board members, AM, ES and GQ, to between one and three years in jail.
However, their lawyers asked the appeal court to give them a chance to reconcile with the company and ministry of economy.
In October all sides appeared in front of the Appeals Court confirming that they had patched up their differences, and the complaint had been withdrawn. With that all charges were dropped.
hdajani@thenational.ae
This article has been updated. An earlier version of this story incorrectly stated that the charges related to Finance House.
SPECS
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
MATCH INFO
Leeds United 0
Brighton 1 (Maupay 17')
Man of the match: Ben White (Brighton)
Russia's Muslim Heartlands
Dominic Rubin, Oxford
The National selections
6pm: Go Soldier Go
6.35pm: Man Of Promise
7.10pm: Withering
7.45pm: Mawj
8.20pm: Falling Shadow
8.55pm: Law Of Peace
9.30pm: Naval Power
10.05pm: The Attorney
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Company Profile
Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
