MONEYWEB app instead? M&R dispute with Middle East client turns ugly Bank account of JV in which M&R has 30% stake debited AED474m (R1.95bn) âwithout formal noticeâ and paid to client. 00:01 Open: Group says the debit has put the account into overdraft of an equivalent amount. Image: Shutterstock A dispute between a Murray & Roberts (M&R) joint venture and a Middle East client, which last year issued a notice to the JSE-listed groupâs Abu Dhabi-based company to draw down on two guarantees worth 474 million United Arab Emirates Dirham (AED) for a completed project in the region, has turned ugly.