Marcus Lee has been under house arrest since 2009 but is now planning for the future. “We want to try to reconnect with our families and friends again,” says his wife, Julie. Courtesy Julie Lee
Marcus Lee has been under house arrest since 2009 but is now planning for the future. “We want to try to reconnect with our families and friends again,” says his wife, Julie. Courtesy Julie Lee

New year brings new life for Marcus and Julie Lee



DUBAI // For the first time since 2009 there will be no cloud hanging over Marcus and Julie Lee this new year.

Mr Lee, a former Nakheel executive, was accused of trying to pocket Dh44 million by fraudulently selling a piece of the collapsed Dubai Waterfront project.

After being under house arrest since 2009 he cleared his name this year.

The pinnacle moment of this year for his wife was standing in the courtroom in May as the judge in Dubai ruled Mr Lee was innocent, had committed no crime and profited in no way from the alleged property scam.

“It is a day we will never forget,” said Ms Lee who, like her husband, is an accountant from Sydney, Australia. “I heard the judge read out Marcus’s name, then the decision. I was then told ‘Marcus is innocent’.

“After all we had gone through, all the hardships, and then finally getting Marcus’ innocence confirmed, I was shaking, I couldn’t speak. It will be a day etched in our memories forever.”

A low, she said, was 14 days later after hearing an appeal had been lodged.

“We were then advised the appeal process could take another year,” Ms Lee said. “We didn’t know what to think or feel. It felt like we were again lost at sea.”

But in November the Court of Appeal upheld the decision. On December 15, Mr Lee had his passport returned.

Despite the year’s highs, the legal success brought with it some tough memories.

Mr Lee’s father, stepfather and grandmother all died before his name was cleared.

But the couple said they are slowly starting to enjoy life again.

“We are trying to just do simple things such as trying to be a little happier, enjoying the small things a little more,” Ms Lee said.

“We are also starting to try to plan for the future again, something we have been unable to do or even think about for years.

“We have worked out it’s going to take some time to readjust to a normal life, but it is there in front of us now and we are slowly starting to see it again.”

Christmas was markedly different to the previous four years, said Ms Lee, who had to surrender her passport to secure her husband’s bail.

“We haven’t been with our families for more than five years for Christmas,” she said. “Both of our mothers are now widowed and alone in Australia.

“Also, for the last four years we have had this case as a ‘black cloud’ hanging over our heads that we were never really able to ignore. The case has just dominated every thought, everything in our lives.”

Next year, she said, would be a process of putting the past five years behind them.

“It won’t be easy but we have to,” said Ms Lee. “We want to try to reconnect with our families and friends again. Remember how to laugh and be happy, and to be able to plan for our future again.

“We have proven we are strong, we can withstand the most trying situations that would test the best of relationships, and we are survivors.”

Mr Lee was one of two former Nakheel employees who were arrested in Dubai in January 2009 and charged with abuse of public funds, fraud, breach of trust and acquiring illegal profits and commissions.

It concerned the rights to develop the plot of land, called D17.

Mr Lee spent nine months in three prisons before being placed under house arrest in October of that year.

But after more than 50 hearings before Dubai Criminal Court and evidence from more than a dozen witnesses from Australia and Dubai, and the intervention of the former Australian prime minister, Julia Gillard, he was eventually cleared of all charges.

The other Nakheel employee and Mr Lee’s compatriot, Matthew Joyce, was sentenced to 10 years in prison but was acquitted of all charges last month.

jbell@thenational.ae

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months

Personalities on the Plate: The Lives and Minds of Animals We Eat

Barbara J King, University of Chicago Press 

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY%20PROFILE
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
COMPANY%20PROFILE%20
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The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
%3Cp%3E%3Cstrong%3EEdited%20by%3A%3C%2Fstrong%3E%20Idries%20Trevathan%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Hirmer%20Publishers%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.