Dubai developer Union Properties says $42M misappropriated ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
A troubled Dubai real estate developer said Monday it suspected that $42 million had been “misappropriated” by the company's former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years.
DUBAI, March 28, (AP): A troubled Dubai real estate developer said Monday it suspected that $42 million had been “misappropriated” by the company’s former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years. The announcemen