UAE “asks” Bangladesh to freeze assets of RAKIA CEO Khater Massaad
Updated: Feb 3, 2021
Former advisor to RAK ruler Sheikh Saud bin Saqr Al Qasimi and CEO of RAKIA and RAK Ceramics, Dr Khater Massaad, has been the target of a years-long campaign that has seen repeated legal abuses in an “anything goes” approach to politically motivated judicial relief.
A Bangladesh court just ordered shares alleged to belong to Dr Massaad be transferred to RAKIA after UAE authorities provided them with judgments that had been fast tracked through Sheikh Saud’s personal courts. Saud had attempted to extradite Dr Massaad from Saudi Arabia, but failed due to a lack of evidence. The ruler then withdrew civil claims from Saudi Arabia and immediately returned to his own personal courts where judgments against Dr Massaad could be guaranteed and immediately forwarded to Bangladesh with a diplomatic request for cooperation.
Bangladesh courts automatically ordered in favour of the UAE with the Attorney General confirming Bangladesh responded to a “friendly nation’s request” and they “hope their friends across the world would do the same”. This was the first Dr Massaad had heard of the in-absentia court proceedings. He is now appealing the decision.