| 02.08.2016 - Small emirate in UAE accuses businessman of embezzling $1.5B |
| A small sheikhdom in the United Arab Emirates on Monday accused a businessman who once had ties to its ruler of stealing $1.5 billion while serving as the head of its local sovereign wealth fund. The allegations against Khater Massaad, who also helped Ras al-Khaimah create a major, eponymous ceramics company, came in an unusually strongly worded dispatch carried by the UAE's state-run WAM news agency...............................................Full Article: Source |