Comment on Small emirate in UAE accuses businessman of embezzling $1.5B

Small emirate in UAE accuses businessman of embezzling $1.5B

A small emirate in the United Arab Emirates has accused a businessman who once ran its local sovereign wealth fund of "global embezzlement and mismanagement of $1.5 billion." A spokeswoman for the businessman, Khater Massaad, declined to immediately comment Monday when reached by The Associated Press.

 

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