Embezzling arms dealer Farhad Azima faces £6.3 million bill for failed court battle

A disgraced arms dealer who defrauded a Gulf State in a crooked aviation venture is facing an eye-watering £6.3 million bill in damages and costs after he lost another High Court battle today. (Fri) Iranian American aviation executive Farhad Azima, 78, misled the Gulf state of Ras-al-Khaimah (RAK) and colluded with Dr Khater Massaad, the former chief executive of the country’s investment body, RAKIA. Dr Massaad was convicted of global embezzlement and mismanagement during his tenure as boss and jailed…