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From Business24-7.ae: Abu Dhabi Court of First Instance has sentenced former chairman of the Islamic Finance Company Ali Hamel Al Gaith Al Qubessi to three years, former chairman Abdullah Saeed Al Qubessi to two years, and board members Al Waleed bin Hamad Al Mubarak, Essa Shamlan Al Shamlan and Gaith Hamel Al Gaith to one year for betraying the trust and valuating shares in bad intention and in violation of the Commercial Companies Law.…….Full Article: Source
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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Finance more
Islamic finance ex-chief sentenced
| Posted on 29 June 2009 |
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