Drake & Scull International (DSI) is a prominent name in the construction and engineering industry, known for its innovative projects and solutions across various sectors such as electromechanical, integrated design, engineering, and construction
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. With over 135 years of experience, DSI has been at the forefront of delivering state-of-the-art projects in the Middle East, Europe, and Asia
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However, the company faced significant challenges in recent years, leading to financial mismanagement and legal battles
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. The former CEO, Khaldoun Al Tabari, and a former employee were ordered by a Dubai court to pay $41.3 million in damages for their involvement in embezzlement and fraudulent practices
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. This ruling is part of ongoing efforts to hold those responsible accountable for the company’s financial collapse
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Despite these setbacks, Drake & Scull has been working to turn its fortunes around by restructuring its debts and seeking new investors
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. The company recently won a landmark court victory, securing $41.4 million in compensation and reaffirming its commitment to transparency and accountability
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For more information, you can visit their official website here
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Would you like to know more about their projects or any specific aspect of their operations?
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www.drakescull.com
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thearabianpost
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Construction Week Online
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