07.04.2010 - Lawyer accuses Dubai Islamic Bank official of concealing fraud
From Gulfnews.com: A lawyer stunned a court on Monday when he accused Dubai Islamic Bank's (DIB) ex-chairman [2001-2008], and three DIB executives for collaboratively concealing fraud operations leading to a Dh1.8 billion loss. In an unexpected turn of events which startled the Dubai Court of First Instance's packed courtroom Dr Habib Al Mulla on Monday claimed that between 2001 and 2008, the bank's former chairman, the head of the financing commercial operations' team, the operations' manager and risk management's chairman, and the Financial Control Department (FCD) conspired to cover up fraud operations, which seven suspects have been charged with committing..............................................Full Article: Source
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