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Dubai developer seizes 'second chance'
Jailed but cleared of fraud charges, he finds it difficult to rebuild reputation
Add BT as a preferred sourcePublished Wed, Sep 10, 2014 · 10:00 PM
[DUBAI] Dubai's boom-and-bust real estate market can land you at the wheel of a Rolls-Royce or behind bars. Kabir Mulchandani should know: He's experienced both.
Five years after spending 140 days in jail facing charges of fraud and embezzlement for which he ultimately was cleared, the chairman of developer Skai Holdings stands at a building site watching cranes start work on one of the company's three projects.
They will have a combined value of about six billion dirhams (S$2 billion) when completed.
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