Barwa Real Estate, Qatar’s second-largest property developer, has confirmed it is continuing its bid to freeze the assets of Dean Rees - an associate of alleged Ponzi scheme operator, Barry Tannenbaum - after a UK court turned down a request.

'We are after him,' said Tamer Mohamed Khedr, Barwa’s financial adviser for the chairman and managing director, in a telephone interview in Doha on Tuesday, news agency Bloomberg reported.

He declined to specify the countries in which further action would be taken.