Zack Shaheen’s Detention Extended

The detention of Zack Shaheen, former CEO of real estate developer Deyaar, has been extended again for a month. Shaheen has been in detention for about a year in connection with alleged financial irregularities in Deyaar. The detention extension comes almost two weeks after Dubai Attorney-General Eissam Issa Al Humaidan announced that the investigation into possible involvement of Shaheen in corruption was nearing completion. Al Humaidan also listed the charges framed against Shaheen and other suspects, including forgery, embezzlement, fraud and possible money laundering. The Attorney-General had told Khaleej Times on the sidelines of the third Judicial Forum held on March 26 that an announcement would be made soon regarding Shaheen.

Within 10 days, the Public Prosecution will take an action regarding Shaheen’s case as we have completed most of the 
investigation. According to the UAE law, a suspect is detained for 21 days upon beginning an investigation, after which the case file is referred by the prosecution to the relevant judge who would decide whether to extend the detention or not, based on the probe findings. Al Humaidan said each time, the detention could be extended for a month. After the end of that month, the file has to be referred again for another 
month’s extension. The Public Prosecution has contacted financial institutions abroad seeking information and evidence on alleged illegal transfer of embezzled funds.Source: Khaleej Times