F.P.Report
WASHINGTON DC : In a significant development in the realm of international law and intellectual property rights, a criminal case has been filed in Dubai Central Court against multiple individuals accused of a multimillion-dollar theft.
The defendants, identified as Mr. Habib Khan, Ghiyas ud din, Abdul Rahman, Tariq Khan, and Zafar Iqbal, along with several unnamed facilitators, are facing charges for allegedly stealing intellectual property and stocks worth seven million dollars from Stanley Oil and General Petroleum International FZE, a prominent business entity based in the United Arab Emirates and USA.
The company, led by noted businessman Syed Lakht I Hasnain, alleges that the accused unlawfully accessed and misappropriated confidential information, trade secrets, stock, and proprietary technology crucial to their operations and competitive positioning in the market. This intellectual property is reported to be of significant value, impacting the company’s standing and future prospects significantly.
Legal authorities in the UAE and the USA are collaborating closely on this case, highlighting the international implications of the alleged crimes. In addition to the current charges, there is an ongoing investigation involving potential facilitators based in the USA, with further legal actions anticipated as new evidence comes to light.
The UAE Central Court has also been active in addressing related offenses, with additional cases filed against Ghiyas ud Din, Abdul Rahman, and Tariq Khan, who are currently on a travel ban list and are subjects of ongoing police raids and arrest efforts.
The accused are expected to appear before the Central Court on April 23rd, as the legal proceedings continue to unfold. This case serves as a critical reminder of the global nature of intellectual property law and the severe consequences of infringement across borders.
As the case develops, further updates are expected, providing insights into the international legal coordination efforts and the measures being taken to protect intellectual property rights on a global scale. Stay tuned for more information on this developing story.
