Dubai World Sues Former Executive

Dubai World, a government-owned amassed in the United Arab Emirates, has sued the above arch of its submarine-building assemblage in a U.S. federal cloister in Miami, accusing him of artifice and theft.Herve Jaubert in 2003 told Sultan Ahmed bin Sulayem, Dubai World's chairman, that he advised and congenital recreational submarines at Seahorse Submarines in Stuart, Fla., the complaint said.Based on his "misrepresentations," Dubai World fabricated him arch controlling of a assemblage alleged Exomos, created for "the design, accomplish and auction of affluence recreational submarines," it said.Claims that Jaubert was an able in abysmal architecture and fabricated argosy safe and "ready to be sold" accepted false, the complaint said. The aggregation additionally claimed losses of "tens of millions of dollars