Developer says $42M 'misappropriated' | The Journal Record
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.
United Arab Emirates Jon Gambrell Amer Khansaheb A Union Properties Union Properties Dubai Motor City
Source: journalrecord.com