A pair of former Deyaar employees wove an intricate web of land deals to create a massive fraud, the Dubai Court of First Instance heard on Sunday.

An independent team, appointed by Sheikh Mohammed bin Rashid, the Ruler of Dubai and Vice President of the UAE, to investigate corruption, began presenting its findings against the men, known as SA and IJ.

They are alleged to have bought land in Dubai then sold it to Deyaar just days later at almost double the cost, according to a report in The National.