Dubai anti-corruption investigators have revealed that AED3.58bn ($950m) has allegedly been stolen or used as bribe money by executives from some of Dubai’s leading real estate and financial firms.

According to a report in the National, public prosecutor files shown to the paper on Tuesday reveal the extent of efforts by the authorities to rid Dubai businesses of corruption.

Documents revealed that a total of 11 investigations or court cases are currently underway and 34 executives are either in court or due to appear.