The acquitted five suspects included a Canadian, British,
Bangladeshi, Russian and Chinoy’s father, who had to stand trial after Nakheel
reported a manipulation of its property sales on the man-made islands project
shaped like a map of the world.
The court also announced the expiry of a criminal claim
brought by prosecutors against Samir Chinoy, a Nakheel sales executive and the
primary suspect in the 22 million dirham ($6 million) case. Chinoy died last
year in what appeared to be a suicide.
Chinoy died after falling from his balcony in a Dubai luxury
hotel on July 9 this year, a month after he was granted bail.
Nakheel accused Chinoy of accepting bribes from four
suspects and abusing his position in the company, while his father was
implicated for collaborating in the crime.
Dubai, the Gulf Arab region’s tourism and trading hub,
launched a high-profile anti-corruption campaign in 2008 that saw the arrest of
several well-known business figures.