Dubai reiterates tough stance on corruption

18 August 2008
The government of Dubai has reiterated its tough stance on corruption in the wake of several investigations being launched into the real estate sector in recent days.

The public prosecutor issued a statement in the wake of a string of recent arrests in the emirate.“There will be no tolerance shown to anybody who tries to exploit his position to make illegal profits," it said.

The public prosecutor also said that tackling corruption is a top priority for the government. "Dubai government follows a transparent and clear policy on such issues. There are strict directives to have zero-tolerance towards all aspects of corruption, bribing and taking advantage of official positions."

Commenting on the recent questioning of employees from a number of companies, the statement said: "Any employee exploiting his position to make illegal profits will not have immunity. The strictness with which some violations that emerged in the recent past were dealt with, confirms the government's commitment to maintaining the highest global standards in fighting corruption and enhancing its achievements in the economic, financial and legislative fields."

MEED recently revealed that a senior sales manager at Dubai-based property developer Nakheel is being investigated for financial irregularities (MEED 15:8:08).

Separate investigations have been launched against executives from other companies, including Adel al-Shirawi, the former chief executive officer of Dubai-based mortgage lender Tamweel, who has been questioned in relation to charges of corruption.

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