In Dubai, a foreign businessman who tried to buy shares of foreign companies for a bribe to a banker was acquitted.
In the absence of evidence, a Dubai court acquitted a businessman of Pakistani origin for bribing a bank manager.
It is reported that the head of the department for interaction with the stock exchange took a bribe from a compatriot businessman in the amount of 541 thousand dirhams ($ US 147 thousand) for the purchase of shares of six different companies with a total value of 70 million dirhams ($ US 19 million).
An internal audit showed that the director took the money to buy shares that are traded on the Pakistani market, but were not in great demand at different times.
Referring to the lack of evidence, last Thursday a Dubai trial court acquitted the two defendants and dismissed the lawsuit that the bank filed against them.
The decision is subject to appeal within 15 days.
