Deyaar ceo zack shahin biography

Deyaar ceo zack shahin biography: Zack Shahin, a US citizen

Zack Shahin, a former CEO of Emirati property firm Deyaar who has been in detention for more than eight years, was sentenced Sunday along with two others over a The prosecution said Shahin, 51, had "misused his power as CEO of Deyaar back in November and committed irregularities and fraud", the paper said. The two other defendants, both Americans working for a private US realty firm, were also sentenced to 15 years in jail each but local media said they remain at large.

The court, which could not be contacted on Monday, acquitted five other Deyaar staff of complicity. He expressed disappointment and shock on the fleeing of his client to Yemen after being released on bail from prison here. Securing his release on bail was not easy at all.

Deyaar ceo zack shahin biography: American businessman Zack Shahin,

Tons of hurdles had come in our way and eventually we overcame them for his conditional release. Asked whether Shahin had faked his sickness to walk out of jail, Al Shamsi said his former client had serious kidney problems. Shahin was granted bail after his defence lawyer Al Shamsi repeatedly requested the different court benches hearing the cases to grant his client bail, citing his serious health condition.

Yet following his release, Shahin skipped two or three hearings into his trials on the same health grounds. Together the group were ordered to pay Dhs56m to Deyaar and Dhs, in civil temporary compensation. The second graft case involved the Shahin and nine others. The court also upheld the three-year sentence given to an Indian marketing manager, according to the publication.

Five other suspects including two Indian executives, a Lebanese sales representative, a Palestinian sales director and Pakistani salesman were acquitted of abuse of office, illegal profiteering, dispersing public funds, divulging secrets, forgery, breach of trust, swindling, deception, embezzlement, bribery and other charges due to a lack of evidence.

Deyaar ceo zack shahin biography: Zack Shahin, 57, who is

The case first went before the Dubai Misdemeanours Court in and has been handled by more than six benches of judges, according to Gulf News. Shahin was first arrested and jailed in during an investigation into financial irregularities while at the head of the company. He later went on hunger strike in May and was released on Dhs5m bail in July that year.

Following this, Shahin attempted to flee the country but was arrested in Yemen and brought back to the UAE.