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Tue 15 Sep 2009 03:28 PM

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Dubai World files US lawsuit against fraudster Jaubert

Dubai company launches proceedings against ex employee in US court.

Dubai World files US lawsuit against fraudster Jaubert
CONVICTED FRAUDSTER: Dubai World has launched a lawsuit against former employee Herve Jaubert in the US federal court.

Dubai World has filed a lawsuit against former employee Herve Jaubert in the United States federal court, the company said on Tuesday.

The company accuses him of fraud, theft and related charges linked to his time as CEO of Dubai World subsidiary Exomos, established in 2004 to design and manufacture submarines.

The lawsuit has been launched in Florida because Jaubert chose to flee there from the UAE instead of signing an agreement he had made with Dubai World to repay money he stole from the company, Dubai World added in a statement.

"Dubai World is fully confident that the US court will come to the same conclusion as a Dubai court did in April 2009: that Mr Jaubert misrepresented his ability to design and build submarines to obtain his position as CEO of Exomos, and then used that position to steal millions of dollars from Dubai World," the statement added.

Jaubert, a former French special agent was convicted in June in absence in a Dubai court of defrauding the company out of millions of dirhams – charges he denies.

Jaubert was sentenced to five years in jail and fined AED14m by Dubai Criminal Court at a hearing in June at which he was not present.

The court was told that Jaubert’s company, Seahorse Submarines, had bought equipment worth AED11.8m for Exomos, the submarine division of Dubai World, but that it did not all arrive.

Jaubert had a contract with Dubai World to build two submarines, but prosecutors told the court that when the vessels were delivered they were incomplete and faulty.

He wrote to Dubai World and agreed to settle the matter by paying an initial AED3m, but he fled the country before handing over any money, the court heard.

Last month, Jaubert told Arabian Business that he escaped from Dubai aboard a rubber dingy and dressed in a burqa to evade police using skills he developed as a spy.

The former French naval officer claimed then that he was not worried about being tracked down to face his five-year prison sentence because he could prove his innocence.

Jaubert said he decided to flee the country last year after his passport was confiscated by police and he was fired by Dubai World.

He said he left from a beach in Fujairah after sabotaging the only coast guard boat in the area to make sure no one could follow him.

Jaubert said he spent six hours aboard the rubber dingy before meeting his friend, who had sailed his boat into international waters, and the pair headed to India on a journey that took eight days.

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Johan 11 years ago

Jaubert, I just hope u get convicted by the US courts. It is plp like u who give a bad reputation to expats.

Nathan 11 years ago

This is great news. Let's see Jaubert stand up in a US Court of Law and, under oath, peddle the same ridiculous lies he was throwing around a few weeks ago. If only the UAE Government would now go after Simon Ford from bluebanana.com (who despite his undertaking has failed to pay a cent to his creditors... nor even respond to them).

ayman 11 years ago

Its time tha Dubai starts going after such expats who milk the place then think they can escape and hide behind their countries.

Coeurderoy 11 years ago

Actually Dubai World should try to get the exclusive film rights as a settlement... There is enought for a movie, or even a full sitcom... The guy is probably a crook, more by technical cluelessness than real "evilness" (some time in the slammer are probably still in order, but that's the court to decide)... but the story is kind of fun. What Dubai World should also investigate, who hired a "spye" to build a submarine... Never heard of engineers ?