Husband jailed by Dubai court for 25 years for killing wife



DUBAI// A 32-year-old will spend the next 25 years behind bars for killing his wife after she told him she was cheating on him, the Dubai Court of Appeal ruled.

The woman’s body was found in an outer room of a villa in The Springs on June 4 last year.

“The tenants told us the victim used to work for them as a part-time maid,” said policeman A H, 27.

Sri Lankan S S denied the premeditated murder of his wife S H on June 3 this year when he appeared in the criminal court.

Emirati policeman M A, 36, said the body was found in a store room. “The body was lying face down on the floor where footprints were found in the blood, which was all over the floor and walls,” he said.

The victim’s cousin, K R, 35, who works as a maid in the same area, said on the day of the murder S H called her and said she had fought with her husband.

“She told me he had screamed at her but I didn’t know why. I called her later in the afternoon but she never answered,” said K R. She said that she looked for her cousin in the villa’s storeroom because she knew she was allowed to keep some of her belongings there.

“I found the door slightly open and I saw legs on the floor, I felt terrified and called my aunt who arrived and saw the body and then called police,” she said.

S S told prosecutors that he killed his wife because she had been having several affairs since they were married in 2007.

“I called her that day and her phone was busy, I went to the villa where she worked and she was still on the phone, I asked her who she was talking to, she said she was talking to her lover because she wanted to spend the night with him, so I got furious.

“I slapped her, she tried to strangle me so I picked up a knife that was near and slashed her leg, then when she fell she tried to pull the knife out of my hands but I sat on her chest and strangled her,” said S S in his confession to police.

S S will be deported after serving his life sentence, which is 25 years long.

salamir@thenational.ae

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”