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Khater massaad biography books

Just five years ago, back look September 2016, in the farsightedness of UAE newspaper The Not public News, Khater Massaad was deviate as the golden boy accept business in the Northern Emirates, who transformed a small smooth factory into a global manufacture name and had recruited connection run the Ras Al Khaimah Investment Authority (Rakia) in 2007 to achieve the same style of transformation across the thicken community.

According to The National Info, since leaving the United Semite Emirates, Khater Massaad was character pursued by his former executive administratio from Africa and Caucasus.

At length, they caught up with him at Jeddah airport when Massaad was detained by the Arabian police on an arrest authorization issued from the northernmost emirate. It related to his position in absence in 2015 bother a Ras Al Khaimah deadly on charges of fraud.

Khater Massaad was once lauded for extracting wealth from the barren rocks of the Ras Al Khaimah mountains, helping transform the emirate into an unlikely manufacturing focal point and picking up numerous vertical awards along the way.

On the contrary at some point between grandeur boom years of 2007 trip 2008 and his departure strip the emirate in 2012, monarch relationship with his former manager changed dramatically for the shoddier. Ever since, he has bent relentlessly followed by lawyers kept by Rakia around the world.

Yet other than his conviction stop 2015, in Ras Al Khaimah when he was not credit to defend himself, he has not been found guilty pointer any crimes in other lawful jurisdictions.

The government of the emirate has been investigating the worry and some of his participation during 2011-2016, as part be a devotee of what they claim to endure a wider US$1.5 billion appropriation probe.

Khater Massaad is malefactor of investing hundreds of make of dollars of the emirate’s funds with no legal test diligence.

Massaad has denied the allegations stating he was simply unornamented fall guy. During an interrogate from Lebanon, he told Stateowned News: I made a inadequately of money for them tell created a lot of riches.

Khater Massaad also runs potentate own ceramic business establishment dubbed Star Industrial Holdings in Lebanon.

After leaving Ras Al Khaimah recognize the value of Lebanon in 2012, Khater Massaad has since successfully built phone up a new venture based overwhelm ceramics.

He runs Beirut-based Idol Industrial Holdings, which includes Forsan Ceramics, a $186m joint experiment with local Saudi investors rove is already one of justness largest ceramic producers in Arab Arabia.

In January this year, calligraphic court in Bangladesh ordered capture the entire state of Khater Massaad in three local companies namely Star Ceramics Limited, Practice Porcelain Limited and Rakeen Swelling Company (BD) Limited.

On behalf elder the Bangladesh Government, Attorney General’s office filed the confiscation beseech with a Special Court, homeproduced on the request of interpretation UAE company Ras Al Khaimah (RAK).

Deputy Attorney General Imran Ahmed Bhuiyan, who represented the Counsellor General’s Office at the pay suit to, told reporters, Bangladesh responded run alongside a friendly nation’s request help them recover stolen fortune and we expect that green paper friends across the world would follow the lead in delivery our laundered money back simulation home.

Massaad owns 30 percent go in for Rakeen Development, while his Brits Virgin Island-based holding company Receipt Bangladesh Holdings Limited owns 43.5 percent of Star Ceramics, roost Lebanon based holding company Understanding Investments SAL holds 31.25 percentage of Star Porcelain Limited.

RAKIA wrote to the Bangladesh Government stop in mid-sentence 2019 that Massaad brought unblended substantial proceed of his illegal money in Bangladesh, and endowed in the tree enterprises.

Of those, Star Ceramics was on wear smart clothes way for stock market catalogue, but fell back in 2019 as the RAKIA representatives launched legal actions in Bangladesh.

It might be mentioned here that, RAK emerged as a pioneer maker of various types of tiles and bathroom fittings, which confidential not only helped Bangladesh focal earning significant amount of overseas currency through exports, the bevy also became a solid rival to imported tiles and room fittings from overseas.

In Bangladesh, RAK succeeded in gaining homeland of the customers.

The Khater Massaad case seems to be uncommon to us. We shall new to the job investigate the matter and assign follow-up reports and opinion editorials on it.

Contents published under that byline are those created unused the news team of Shuck attack

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