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Dubai's ruling elite face £1billion lawsuit over claims that a British developer was 'robbed' of his £500m business
Dubai's ruling elite are facing a £1billion lawsuit over claims that a British property developer was 'robbed' of his £500million business in the Gulf state under the threat of going to jail.
It is alleged that high-ranking figures including Sheikh Mohammed bin Khalifa bin Saeed al-Maktoum, the cousin of United Arab Emirate's Prime Minister, plotted to defraud Mohammed Haddad of his business more than 10 years ago.
In a claim filed to the Royal Courts of Justice, Mr Haddad said he was forced to sell his half of KM Holdings, a property firm in Dubai, to his associate.
Mr Haddad also alleged that he fled the UAE after he rejected the deal and the electricity and water to his home were shut off.
He claimed that Habib Al Mulla, the Executive Chairman of Baker McKenzie, an international law firm, represented his associate to acquire the shares through a court order and transfer them to a family member of Dubai's ruling elite.
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