Dubai: The former CEO of Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) has been sentenced to 10 years in jail for embezzling around Dh2.13 million in public funds.
Oussama Al Omari, former CEO and director-general of RAK FTZ, was found to have put up a bogus company for ‘renting hotels’ and the authority had been paying the firm for years without any benefit, court records show.
Abdulrahim Mirzaq, another ex-official who was involved in the case, was sentenced to three years in prison.
Read More
- Heavy rains sweep across North Al Sharqiyah, wadis flow in several Wilayats in Oman
- Oman, Türkiye review growing ties and regional developments
- Oman’s RO 6 million Automobile City Project in Salalah reaches 45% completion
- Oman to host GCC history and archaeology forum in Dhofar with over 180 experts
- More than 33,000 students secure higher education offers in Oman’s first admission round
“They have formed a fake company for renting hotels just to embezzle the public funds of the Ras Al Khaimah Free Trade Zone Authority,” the public prosecution said.
The duo were also ordered to return the Dh2.128 million they squandered and fined with the same amount.
