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This is an archive article published on April 23, 2008

Indian held for million dollar fraud in Dubai

49-year-old Zack Shahin has been arrested and is being questioned regarding the alleged financial irregularities.

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An Indian, working as manager with a company here has been arrested, in connection with a multi-million dollar financial fraud.

The 49-year-old Zack Shahin has been arrested and is being questioned regarding the alleged financial irregularities at Deyaar, a Dubai-based property developer, Gulf News said on Wednesday, quoting public prosecution sources.

The accused Chief Executive Officer had been detained last week, the company said, adding that he had subsequently resigned.

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