The National there “are many things that are wrong” in the company’s statement.
The case has been brought as a consequence of requests to extradite the former executive last year, which was dismissed in local courts, he said.
Under a treaty to which the UAE and Jordan are signatories, if an extradition request is turned down by either country, an entity seeking charges in one jurisdiction can bring them in another.
The three charges have a total monetary value of Dh14 million ($3.8m) and are part of the 15 claims the company brought to the UAE s federal prosecutor in 2018, Mr Tabari confirmed.
The company will thereafter disclose the results of the voting after obtaining the approval of the relevant government authorities and the Securities and Commodities Authority, the statement said.
Drake & Scull last month posted results for the third quarter of 2020, which showed its accumulated losses rose to almost Dh4.9 billion, and liabilities outweigh assets by about Dh3.7bn. Measures being undertaken to plug this gap include finalising its restructuring plan with creditors, closing out existing projects and attempting to win new projects in the UAE, Tunisia, Kuwait, Iraq, Algeria and Germany. It also plans to pursue legal cases against third parties and previous management .