The country also expressed condolences to the families of the victims
uae2 hours ago
The 14 people — 10 men and four women — have been charged with counterfeiting stamps and official documents of a government department to issue authorisations for UAE nationals to large investors to trade shares on their behalf. The suspects, of different Arab and Asian nationalities, are working with a number of typing and lawyer’s offices in the emirate. Acting on a tip-off, the authorities had kept the group under surveillance and caught them red-handed.
The low-income UAE nationals sign an undertaking, documented by the court, allowing investors to open accounts on their behalf and subsequently trade in shares. The documents also allow their holders to do other deals in connection with these stocks with any government or semi-government bodies. In return for these privileges, the disadvantaged people receive approximately Dh1,000, provided they give copies of their passports and original nationality documents. A few large investors reportedly secured undertakings allowing them to obtain more than a million stocks.
The arrest came as part and parcel of a large-scale campaign, organised by the RAK Government, to control corruption in the emirate’s different departments. The drive, launched under the directives of Shaikh Saud bin Saqer Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, had earlier led to the arrest of two groups of government officials in two government departments.
The country also expressed condolences to the families of the victims
uae2 hours ago
Capital Delhi records a "very poor" air quality index of 364
asia2 hours ago
A huge column of dust could be seen towering over vehicles that had stopped on the road leading up to it
weather2 hours ago
The authorities appreciate employees or members of the public who contribute to community service, and uphold public safety standards
uae2 hours ago
New form distinguishes between transactions with related parties and those with connected persons
business3 hours ago
His killing further erodes Hezbollah's top leadership as Israeli strikes pummel group's strongholds in Lebanon's south, eastern Bekaa Valley and southern suburbs of Beirut
mena3 hours ago
Moscow's attempts to impose an idea of an alleged alternative position of the so-called Global South have failed again, says Ukrainian foreign ministry statement
europe3 hours ago
Investors using metals as a hedge against a potential ‘Red Sweep’ in US polls
markets3 hours ago