Dr Khater Massaad responds to yet more spurious attacks on him by Ras Al-Khaimah. Is Saud Al Qasimi's regime nearing its end?
(Thomson Reuters ONE) -
Dr Khater Massaad, the Swiss national and international businessman who heads up
Star Industrial Holdings, was again libelled late yesterday in a statement by
the Department of Public Prosecution of Ras Al-Khaimah ('RAK'), the smallest
emirate of the UAE.
Dr. Massaad strongly refutes the latest spurious and unsubstantiated allegations
in yet another baseless attack on him. These are part of a series of vengeful
and spiteful attack in response to his repeated request for proper remuneration
for his efforts in building the economy of RAK and growing the wealth of the
emirate's ruling family; an attempt to extort money from Dr Massaad and an
attempt to undermine his rapidly growing international ceramics business, which
is threatening the market share of RAK Ceramics, once a key economic driver for
the emirate.
A spokesman for Dr Massaad responded: "RAK suddenly claims it wants to root out
offences against public funds by public officials. As it goes, Dr Massaad was
however, never a 'public' official, even in the broadest sense of that word. He
was a businessman who worked to create substantial wealth for the ruling family
of RAK. They gave him full and legal power of attorney to act for them, were
regularly informed of and monitored his activities and approved all his business
projects, which resulted in overall economic benefit for the ruling family and
the emirate.
"The allegations against Dr Massaad are entirely baseless and unsubstantiated by
any real evidence. In fact they appear to be highly improperly motivated. This
sorry episode began when Dr Massaad sought proper remuneration for that success
and has since escalated.
"RAK's response has been to besmirch Dr Massaad's good name with criminal
allegations and a secret and mysterious court hearing, that raises very real
questions around the independence and legitimacy of the RAK judiciary. A
properly functioning judicial system would understand that this is no more than
a civil disagreement which should be resolved accordingly.
"The lack of basic independence and impartiality of the RAK judiciary is clear
from the recent statement which has no clear rationale, demonstrating that once
again it has been leaned on by the cronies of Sheikh Saud Bin Saqr Al Qasimi to
whip up yet another vexatious attack claiming criminal wrong doing.
"Furthermore, RAK's judicial authorities have again demonstrated breath-taking
hypocrisy about the need for justice. In his own 'show trial' Dr Massaad never
had the allegations put to him, nor was he shown any documentation about the
charges, nor did he receive a summons to appear, nor was he ever notified about
the dates of the court hearing and he was therefore never able to defend
himself.
"This in turn calls into question the very basis of the attack on Dr Massaad,
which may well be motivated by RAK's domestic political agenda and the mounting
opposition faced by its isolated ruler. The contradictory stance of claiming
justice but acting dishonestly is another prime example of RAK and Saud Bin Saqr
Al Qasimi's regime being little more than a sheriff running amok in the Wild
West of the Middle East. This must all be very embarrassing to the good standing
of the UAE as a whole."
ENDS
For more informations: newsrelease(at)ctfcomms.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Star Industrial Holding Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2017 - 15:36 Uhr
Sprache: Deutsch
News-ID 527404
Anzahl Zeichen: 4157
contact information:
Town:
St Helier, Jersey
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 179 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Dr Khater Massaad responds to yet more spurious attacks on him by Ras Al-Khaimah. Is Saud Al Qasimi's regime nearing its end?"
steht unter der journalistisch-redaktionellen Verantwortung von
Star Industrial Holding Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
