Middle East Economic Survey


No 50



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...