The court of first instance in the city of Dubai, UAE, has fined the Saudi businessman and Minister of Labor, Ahmed Al-Rajhi, 1,623,900,291 Emirati dirhams (about $ 450 million), in addition to interest at 9% per annum, starting from March 12, 2017 until the payment is complete.
The Emirati court also obligated Al-Rajhi to also pay Ayesh compensation for material and moral damages in the amount of 10,000,000 ten million dirhams (about $ 2.8 million), in addition to interest at 9% starting from the date this ruling becomes final until the payment is completed.
For his part, Omar Ayesh confirmed to “Arabi 21”, “This ruling opens the door wide for the criminal prosecution of Ahmed Al-Rajhi and his brothers, and although it came at a much lower amount than I expected, it represents a great victory for justice in the face of corruption and injustice,” considering the ruling that took place. It is considered as “a historical judgment of the real estate market in the UAE”.
Ayesh added: “With the issuance of this ruling, the International Justice Institution in Washington is now able to present an integrated file against Ahmed Al-Rajhi that is sufficient for him to be condemned and held accountable for his corruption by the Saudi Supervisory and Anti-Corruption Authority (Nazaha).”
Also read: Businessman: Corruption files in front of the Saudi and UAE authorities soon
“Ayesh” had confirmed in a previous interview with “Arabi 21”, that “the issue of (Tameer) is considered a public opinion issue, because the people involved in this case are public figures, headed by Al-Rajhi, and because the number of victims is large and in the hundreds from all countries of the world, in addition to According to the complicity and involvement of more than one party and a public figure (Emirati and Saudi) responsible with the corrupt, in addition to that (Gulf International Bank) owned by the Saudi government has become involved and a party in the case, by making false statements in court, to cover up the corruption and fraud of the Saudi Minister of Labor.
He pointed out that the head of the Supervision and Anti-Corruption Authority in Saudi Arabia, Mazen Al-Kahmous, will be presented with a complete file on “the involvement of (Gulf International Bank) and its role in giving false testimonies and information in the court to cover up Al-Rajhi’s corruption, and we will ask them to do their role in the investigation of this corruption, and I will not hesitate to Prosecuting this bank in different places, including America, because I am a resident there, and because the bank has branches there. ”
For its part, the International Justice Foundation in Washington commented on the judicial ruling, saying that it “will continue to shed light on all corrupt individuals, regardless of their position or seniority.” The ruling in this case adds to the institution’s inventory of evidence that will be presented to the relevant anti-corruption authorities , Including the Saudi Supervisory and Anti-Corruption Commission.
Also read: A Canadian businessman expects the arrest of a Saudi minister and his brothers (video)
In a statement, Arabi 21 received a copy of it, and praised the “Dubai court judge and the Committee of Experts for their professionalism and transparency in this case,” stressing that “strict adherence to the text of the law in this civil case, in addition to the exceptional steps taken to ensure fairness, enhances confidence in The judicial system of the UAE, and this is in line with the vision of the Vice President and Prime Minister of the Emirates and Ruler of Dubai, Mohammed bin Rashid Al Maktoum, to ensure that no one is above the law.
She explained that “the ruling paves the way for the commencement of criminal proceedings against Ahmed Al-Rajhi and his co-conspirators, including his brother Abdullah, president of the largest Islamic bank in the world,” noting that “senior Al-Rajhi employees who participated in financial crimes fled the Emirates to avoid prosecution, including This includes Tameer CEO Federico Tauber, and Legal Director Asma Khan.
The “International Justice Foundation” in Washington pointed out that “since the emergence of media coverage of the ruling, the Foundation has received multiple requests for assistance from victims of systemic corruption in Tameer Company,” noting that it is reviewing “all legal options available to help these and other victims of criminal and commercial corruption in the region.” “.
According to the “International Justice Foundation” in Washington, the case revolves around the Saudi minister and his four brothers looting “Tameer Holding” properties and assets and seizing the share of its founder, Omar Ayesh, and hundreds of other clients.
In a video clip published by the Foundation on its Twitter account, it said that the Canadian businessman who sought refuge in Dubai has revealed with “conclusive evidence” the fraud, forgery and corruption that the Al-Rajhi brothers did, until the court expert issued a decision in favor of Ayesh in the amount of one billion And 800 million dollars. However, “Al-Rajhi” used his influence to pressure and threaten the expert, which ended with the resignation of the latter.
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