Dubai government-owned developer Nakheel Properties said it was auditing staff to ensure that regulations were upheld within the firm.
“Nakheel conducts regular audits to ensure transparency and regulation of procedure. This process is ongoing and it would be inappropriate to comment further at this state,” a Nakheel spokesman said on Tuesday.
The developer of palm-shaped islands off Dubai’s coast, is planning big investments in listed property firms in Asia, the United Kingdom and the United States.
Last week Nakheel bought a 20 percent stake with Istithmar World, the investment arm of Dubai World, in the acrobatic troupe Cirque du Soleil. (Reuters)
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