Middle East Economic Survey
VOL. LIII
No 50
13-Dec-2010
UAE
Case Against TAQA Alleges $9Bn Overstatement Of Assets
Documents filed in a US court to support a lawsuit brought against Abu Dhabi National Energy Company (TAQA) by its former CEO, Peter Barker-Homek, allege that TAQA overstated assets on its financial statements by more than $9bn. When he opposed this, he was told to keep quiet, and when he persisted with his opposition he was fired, the suit claims. The case was brought against...
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