On 15 September 2013, Mr. I and Mr. M jointly established DSLR Car Rental LLC, a limited liability company in Dubai with a paid-up capital of AED 200,000, each holding a 50% share.

Mr. I financed the company’s setup and operations, contributing approximately AED 5.15 million for premises, vehicles, and working capital.
Mr. M, as the managing partner, handled daily operations, accounting, and compliance matters.

Initially, the partnership appeared successful — but years of unverified records and poor controls eventually led to one of the most expensive partnership fallouts seen in UAE courts.

https://theaccountant.ae/this-one-audit-step-could-have-saved-millions-here-is-how-it-went-wrong/