Emirati accused of embezzling $129m from Thaksin Shinawatra during Manchester City deal
A Emirati lawyer has appeared in a Dubai court to deny charges that he stole tens of millions of dollars from former Thai prime minister Thaksin Shinawatra.
The lawyer, Khaled al-Muhairy, 45, a partner at a Dubai firm, is charged with breach of trust, attempted fraud and forgery charges. He pleaded not guilty,
Prosecutors told the court Thursday that al-Muhairy took money from an escrow account his firm had been hired to manage in 2009.
The attorney is accused of taking $129m; $97m of that from Thaksin's sale of the Manchester City football club. He also stole millions to buy a villa and tried to steal millions more for a plane.
Thaksin was ousted in a 2006 coup and has often used Dubai as a base while in exile.
And the UAE government think that simply by forcing all recruitment companies to be owned and run by Emirati's all corruption will automatically be snuffed out.