Khater massaad biography of abraham
Khater Massaad, the one-time “Golden Boy of the Northern Emirates”, the architect of Ras Al Khaimah's Free Trade Zone and Investment Authority, has been pursued.!
The Ras Al Khaimah Criminal Court has sentenced the former CEO of the Ras Al Khaimah Investment Authority (RAKIA) Khater Massaad and two other former RAKIA executives to 15 years in jail over embezzlement charges.
A newly published report by The Daily Beast's Adam Rawnsley details how Ras Al Khaimah used an Israeli private intelligence company to hack American and.
This is the second conviction of Massaad, who was also convicted in absentia in October 2015 in relation to fraud concerning property leases.
Along with the imprisonment, Massaad as well as Gela Mikadze and George Janashia – who worked with RAKIA Georgia- were also fined $17.2m in absentia, according to the court ruling.
The court also ordered Gela Mikadze to repay $12.8m and George Janashia to repay $4.4m – the amount they were accused of “embezzling” – back to RAKIA.
The case concerned signing and later cancelling a joint venture agreement between Poti Sea Port in Georgia (at the time 100 per cent owned by RAKIA) and a newly incorporated company named Raystar Trade LLP in 2010-2011.
According to the public prosecution, the benefi