Source: Sydney Morning Herald 21 Oct 09
Two Australian businessmen have been granted bail after languishing in a Dubai jail for nine months on suspicion of fraud.
Melbourne man Matt Joyce, 43, and his colleague Marcus Lee, 40, of Sydney, were arrested in January after working for three years for the Nakheel company's multi-billion dollar Dubai Waterfront development.
Their arrests came as the global financial crisis hit the local property market hard.
The pair were held in jail for six months before charges of misappropriation were laid.
Last month an independent judge finally assessed their applications and granted an application to hear their case.
Joyce's Australian lawyer Martin Amad said his client was due to be released from prison in the next few days while Lee is also due for release shortly.
The co-accused will be required to hand in their passports once released ahead of the first witness appearance on November 17.
Legal processes in Dubai are primarily controlled by the prosecution, Mr Amad said.
"There's no time limit as to which a prosecutor needs to provide a file," he told AAP.
Joyce will spend time with his wife and three children before concentrating on preparing his defence with his local legal representative.
"We've got confidence he'll be found innocent.
"His wife is over the moon and can't wait to have him back in the home."