Former Tatweer VP arrested

MIZIN PROJECT: An artist's impression of Dubailand, Tatweer's mega tourism development. (For illustrative purposes only)

A former senior executive at developer Tatweer has been arrested by Dubai police in its crackdown on corporate corruption in the emirate.

Sami Al-Hashmi, former vice president of Tatweer subsidiary Mizin, has been detained for the last 10 days, newswire Zawya Dow Jones reported on Tuesday.

Lawyers representing Al-Hashmi confirmed that their client has been held for 10 days by Dubai police without charge.

Tatweer said in a statement: “Mr. Al-Hashmi has not been associated with Mizin since he resigned from his position as VP in early July 2008.

"Mizin’s operations are ongoing and the company will continue to provide its customers with quality products and services.”

However, according to Al-Hashmi's lawyers, his detention is in relation to a deal he approved during his time at Mizin.

Al-Hashmi is the latest in a number of executives at government-controlled companies to be arrested in the crackdown.

Executives at Dubai Islamic Bank, Islamic mortgage lender Tamweel and developers Deyaar and Sama Dubai have all been arrested over the past couple of months in connection with the investigation into alleged financial irregularities.

Mizin has launched three real estate projects - Liwan, Majan and Arjan - within Tatweer’s mega tourism development Dubailand.

Tatweer is part of Dubai Holding, a government owned company.

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