UAE: Whistle-blower wins gold case

The High Court in London awarded a former Dubai-based audit partner $11m in damages and expenses from his former employer, accountants EY. Amjad Rihan claimed he was forced to resign after he discovered Dubai gold firm Kaloti Precious Metals, which he was auditing, was involved in money laundering, by purchasing gold without regard for its origins or for export restrictions in force. Kaloti, founded by Palestinian-Emirati Munir Al-Kaloti, had been importing gold disguised as silver from Morocco; the gold was sourced from crime syndicates in West Africa.