Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai arrests David Lawrence Haigh on charges of treason and breach of trust  Join our daily free Newsletter

MENAFN - Arab News - 23/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Dubai police have arrested david lawrence haigh a briton and former deputy chief executive and legal consultant of gfh capital limited on charges of treason and breach of trust.

dubai police referred him to the public prosecution for trial state news agency wam said.

gfh capital a dubai international financial center-based company has filed a lawsuit against david lawrence haigh for embezzling aed23.7 million.

he was until recently employed with gfh capital and the company discovered the legal irregularities committed by haigh when it conducted its annual internal accounting audit.

diplomatic sources said haigh 36 was being held in dubai since sunda.



haigh was one of the men behind gfh's purchase of leeds from ken bates in december 2012.

he left the club earlier this year.

a statement from gfh capital said: 'gfh capital understands a former employee has been arrested in dubai and charged on suspicion of fraud embezzlement and money laundering while he was employed at the bank. we are unable to provide any further details while the case is being considered."

sources said he was arrested when he flew to dubai after being offered a job by a bank.

gfh capital is one of the middle east's foremost private equity investors advisers and fund managers providing capital and strategic support for growth companies.


 


Arab News




  MENA News Headlines
 Jul 25 2016 - Qatar's local debt drops by USD4.08bnMENAFN
(MENAFN) Qatar's whole domestic debt declined by USD4.08bn in June to reach USD 103.1bn, while its investments outside the country dropped by USD 6.06bn.Furthermore, the banks' assets and liabilities ...

 Jul 25 2016 - Egypt's Orange net losses fall by 63.3 percentMENAFN
(MENAFN) Orange Egypt net losses showed a decline of 63.3 percent for 2016, while its net losses in the Jan-June period went down to USD3.75mn.Meanwhile, the firm's revenues grew by almost 2.2 ...

 Jul 25 2016 - Sultan bin Zayed congratulates Sultan Qaboos on Renaissance DayEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 24th July, 2016 (WAM) H.H. Sheikh Sultan bin Zayed Al Nahyan, the President's Representative, has sent a congratulatory cable to His Majesty ...

 Jul 25 2016 - MoFAIC official receives copy of credentials of Qatar Consul-GeneralEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 24th July, 2016 (WAM) -- Abdulrahman Ghanem Almutaiwee, Director of the Office of the Ministry Foreign Affairs and International Cooperation in ...

 Jul 25 2016 - Ras al-Khaimah enhances civil defence capability with two more centresEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH, 24th July 2016 (WAM) --- The emirate of Ras al-Khaimah has increased the number of its civil defence centres to six after building two new ...

 Jul 25 2016 -  Ras al-Khaimah Ruler forms board of Emirates Cultural and Sports ClubEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH, 24th July 2016 (WAM) --- H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has issued a resolution ...

 Jul 25 2016 - Sharjah Islamic Bank net profit's H1 2016 at AED257 mlnEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH, 24th July 2016 (WAM) --- Sharjah Islamic Bank (SIB) posted a net profit of AED257 million for the first six month of 2016, compared to AED204.6 ...

 Jul 25 2016 - SCAD's report shows decreasing prices of some building materials in JuneEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 24th July 2016 (WAM) --- The Statistics Centre Abu Dhabi (SCAD) today said prices of 11 building materials in the emirate of Abu Dhabi went down ...

 Jul 25 2016 - Bank of Sharjah reports H1 2016 net profit of AED176 mlnEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH, 24th July 2016 (WAM) --- Bank of Sharjah today said its net profit for the first half of 2016 has reached AED176 million, while its earnings per ...

 Jul 25 2016 - WHO calls to put hepatitis C medicines within reach of patientsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 24th July 2016 (WAM) --- To commemorate World Hepatitis Day this year, the World Health Organisation (WHO) is calling on decision-makers and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help