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Dubai to hunt down ex-Istithmar executive

DUBAI - Dubai will seek Interpol's help in the arrest of a former top executive of the emirate's investment vehicle Istithmar after a court jailed him for five years in absentia for fraud, local daily the National reported on Thursday.

Chris Turner, a British national and former risk assessment manager at Istithmar, was found guilty on Tuesday by a Dubai court of embezzling $1.3 million.

Dubai Police could seek an Interpol Red Notice to pursue Turner, who is believed to be somewhere in Europe.

“If the person is believed to be outside of the country, his location will be investigated and steps will be taken to return him in order to face his prosecution or serve his sentence,” Shoaib Ahly, a public prosecutor, was quoted as saying by the National.

A Red Notice allows for an arrest warrant to be circulated internationally for pursuing the person wanted in a foreign jurisdiction.

Dubai may seek Turner’s extradition under a 2008 extradition treaty between the UAE and Britain.

Turner has told the media from his undisclosed location that he is not guilty of charges against him and is "reviewing my legal options".


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User Comments
Shahzad B
Nov 08, 2009 at 22:56
Embezzlement of $1.3 million? And they send the Interpol after him? Is the Interpol so out of work ?

I think there are much bigger frauds in Dubai's Real estate and construction sector that make this one sound like loose change.
kenny timmons
Nov 05, 2009 at 23:02
I think its the people in RIRA and the Dubai bank that should be brought up for fraud for what they are doing with our money we paid into escrow for our property we purchased in Dubai. There is no sign of them being built but the money is leaving the escrow. I purchased on Jasmine Gardens The World.
M. Siddique
Nov 05, 2009 at 20:56
Yea... Dubai the Great City will allow Top Executives to swindle millions and escape; But will try to make money from ordinary hard working expatriates in the form of Running Taxi Meter even for waiting at Signals, Salik et al. Let the Powers that be sum up all the money that has been swindled from the cases known so far... the sum will definitely be more than all the money fleeced from us ordinary public.

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