Dubai-Mubasher: Zack Shahin, the former CEO of Deyaar, and three other officials sentenced to 15 years in jail and a AED 56.3 million fraud, according to a newspaper.
Shahin misused his power and submitted a misleading feasibility study on the purchase of a plot in Houston, Texas, causing Deyaar to lose AED 56.3 million in the price of the plot.
They were ordered to pay back the same amount to Deyaar.
