The UAE's market regulator has formed a forensic audit committee to review Drake and Scull.
It's after the company’s current management blamed its previous management and Board of Directors for losses of AED 5 billion incurred in 2018.
The company had filed an official complaint with the UAE Securities and Commodities Authority to pursue action against members of the previous executive management.
They said it was done to protect shareholders’ rights.

UAE launches aid mission for hurricane-hit Caribbean nations
New paid parking zones introduced in Dubai
H.H. Sheikh Khaled holds talks with South Korean President
UAE fuel prices to drop in November
Abu Dhabi Crown Prince arrives in South Korea for APEC Forum
UAE condemns attacks on civilians in Sudan's El Fasher
Arab Parliament commends UAE’s humanitarian efforts in Gaza
UAE aid ship reaches Egypt with vital supplies for Gaza
