Drake & Scull International has confirmed the news of the arrest of its former CEO, Khaldoun Al-Tabari, at Queen Alia Airport in Jordan.
The company indicated, in a statement to the Dubai Financial Market, today that the arrest of its former CEO, Khaldoun Al-Tabari, by the Jordanian authorities came on the basis of a red flyer issued by Interpol in accordance with the cases brought against him by the company in the Emirates.
The company said that the competent authorities in Jordan are currently investigating him on the charges against him.
Al-Tabari was arrested by the Jordanian authorities at Queen Alia Airport on his departure from Jordan to the United Kingdom. The arrest came in implementation of a Red Notice issued by INTERPOL on January 7, according to 15 penal complaints filed against him by the company at the Public Funds Prosecution in Abu Dhabi.
The judicial and security authorities in Jordan performed the legal requirement against Al-Tabari, and released him on bail after his Jordanian passport was seized and he was prevented from traveling.
The competent judicial authorities in Jordan continue to consider the charges against Al-Tabari, requesting that the case files be sent for review within 60 days.
The company's shares have been suspended on the Dubai market since November 2018 until now, after the disclosure of massive losses, suspicions of fraud and corruption. She faced liquidation operations in India and Oman.
Drake & Scull recorded accumulated losses of 5.1 billion dirhams at the end of 2018, 5 times the capital of 1.07 billion dirhams, and has not announced any results for 2019 until now.