DUBAI – Dubai International Finance Centre Investments (DIFCI) is suing a former managing director, Bisher Barazi, to recover $1.2 million in “unlawful” bonuses, according to reports.
Court papers filed by DFICI claim Barazi stated DIFCI’s income for 2007 was $16.3 million, when the group had actually lost $21.7 million. In doing so, he sought to justify large bonuses for himself and the former governor of the bank, Omar bin Sulaiman.
Sulaiman was previously detained in March on embezzlement cha
The week on Risk.net, September 8-14, 2018Receive this by email