Dubai: The Federal Prosecutor’s Office in the United Arab Emirates said the week they had launched a large investigation into Dubai’s Union-based Union property.
A statement brought by the Government managed WAM news agency said the investigation involved allegations of companies selling property at a price of less than its value and hid the name of the beneficiary of sales, and other violations.
The Union property, known for building Dubai Motor City, did not immediately respond to a request for a comment.
Submission on Sunday to Dubai’s financial market showed shareholders wanted the vote this weekend to move the board of directors.
Separately, the company said one of his subsidiaries was involved in a lawsuit that was looking for almost $ 1 billion, without describing.
Emirati Prosecutor Investigates the Dubai Union Property
