Four months after a young sales executive accused of bribery in a Dh22 million fraud case leapt to his death, a court has acquitted his five co-defendants.
Five acquitted in fatal Dh22m fraud case
DUBAI //Four months after a young sales executive accused of bribery in a Dh22 million fraud case leapt to his death from his 29th-floor apartment, a court has acquitted his five co-defendants.
Samir Chinoy, 31, who sold plots on The World islands, died in the early hours of July 8 after jumping from his residential studio in The Address, Downtown Dubai, where he had lived for four weeks after being released on bail following a year in detention.
A source close to Chinoy said he had been in an unstable psychological condition, and on the night of his death he had been drinking and arguing with his girlfriend.
Hotel employees said the television set in his studio flat was broken after a glass was thrown at it.
Chinoy's father, RC, was among those acquitted by the Dubai Criminal Court of First Instance yesterday.
LS, a Canadian Group businesswoman and director of Seven Properties; BS, a British businessman; AS, a Bangladeshi; and SM, from Russia, were the others cleared of bribery and damaging the interests of a government institution.
The dead man had been charged with accepting Dh22 million in bribes from LS, BS, AS, and SM and funnelling the money through his father's accounts.
He was arrested in March last year after investigations by the Dubai Financial Audit department, and charged in the Dubai Criminal Court of First Instance last December with accepting bribes, embezzlement and causing losses of up to Dh11 million to Nakheel, the developer.
Public prosecutors alleged that Chinoy accepted Dh16.6 million in bribes from LS, Dh2.7 million from AS and Dh2.5 million from SM between March 25 and September 17, 2008.
Prosecutors claimed that Chinoy took the bribes so the others would not have to pay the booking fees that constituted 15 per cent of the value of plots on The World islands.