Verdict in ex-minister's case on September 22

The Dubai Appeal Court – Commercial has adjourned the Ex-minister KBF case regarding the imposition of receivership on the company subject of the case until September 22.

The appellant lawyer submitted his closing arguments on Wednesday and asked the court for imposition of receivership.

Defence lawyer Sameer Jaafar insisted the sentence of the First Instance Court, which turned down the imposition of receivership case filed by MFJ, the sister of the diseased Lebanese businessman, was correct as it has based on legal cases.

Jaafar requested the court to turn down the appeal and to uphold (confirm) the sentence of the First Instance Court, he told Emirates 24|7.

The Court of First Instance had rejected the imposition of receivership request made by MFJ.

In 1995, a Lebanese set up a group of companies worth millions of dirhams and as the laws did not allow a 100 per cent ownership, he sought an Emirati's help to find the legal mode to fully own the companies, who was the former minister.

In addition to the group of companies, the businessman also owned a building worth approximately Dh100m.

As the businessman died in 2005, the former minister had claimed he was a genuine partner and shared the money with the heirs of the diseased.

The heirs of the diseased represented by MFJ had filed a case claiming their full right in the company.

In February 2008, the First Instance Court had sentenced KBF a suspended two years in jail, and on May 28, 2009, the Court of Appeals acquitted the ex-minister.

The Cassation Court has sentenced him a suspended one year jail as documents proved that KBF was not a partner and his title in the licence was that of a service agent against an annual pay of  Dh300,000, which was later increased to Dh600,000 and he was never a partner.

Based on the Cassation Court sentence, MFJ filed a case for imposition of receivership of the company subject of the dispute.

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