Bailed ex Deyaar CEO flees to Yemen

US businessman Zack Shahin, who was freed on bail in the UAE last month after Washington expressed concern about his health, has fled the country for Yemen, where he was detained again, sources familiar with the matter said.

The former CEO of Dubai real estate developer Deyaar, in jail since 2008 over embezzlement charges, went on hunger strike in May and was released on US$1.4m bail.

The sources, who declined to be named because of the sensitivity of the matter, told Reuters that Shahin was smuggled out of the UAE and was then arrested in Yemen. It was not clear when he left the UAE.

“Shahin is still being detained by the security apparatus,” a Yemeni security source, who declined to be named, said on Sunday. “We expect that the man will be deported to the UAE before the end of the week.”

via Bailed ex Deyaar CEO flees to Yemen – sources – Real Estate – ArabianBusiness.com.

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