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The ongoing legal saga regarding detained ex-Nakheel employee Matt Joyce has taken another turn in courts in Australia, following allegations by a property developer of fraud, according to Australian papers.
Property company Sunland claims Joyce played a role in a complex fraud operation involving US$12 million, according to The Australian.
The case, which has been filed in the Queensland registry of the Federal Court, alleges that Joyce collaborated with Melbourne developer Angus Reed, owner of Prudentia Investments, to fraudulently sell land on Dubai Waterfront to Sunland.
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Sunland had expressed an interest in a plot of land on Dubai Waterfront but was told by Joyce that Prudentia already had rights over the plot – but that the developer would be prepared to sell it if adequately compensated for the loss.
However, Prudentia did not in fact have any rights or ownership over the land and Sunland could have purchased the plot directly. Sunland alleges that Joyce and Reed failed to disclose this fact – or that Joyce and Reed were well known to each other from school in Australia.
Sunland’s representative in Dubai, David Brown, further alleges Joyce called him in order to accelerate the deal, with Joyce claiming “the Russians” were close to buying the land from Reed at a higher price.
Sunland then bought the land for $12 million from Reed, including ‘compensation’ and consultancy fees.
Sunland alleges that "Joyce and Reed both knew that their representations were false, or were reckless as to their truth or falsity". Sunland is suing Joyce, Reed and Reed’s associated companies.
Joyce is pending trial in Dubai on a separate charge, following his arrest in January after being accused of attempting to bribe a public official. Reed has since fled the UAE and is currently a fugitive, continuing to run Prudentia Investments in Australia.
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