Gulf state tried to avoid High Court case

A Gulf state suing an arms dealer for 2.6m US dollars (£2m) for fraud ‘tried to avoid litigation’, the High Court heard. Iranian American aviation executive Farhad Azima, 78, has been accused of misleading the Gulf state of Ras-al-Khaimah (RAK). The Emirate claims he colluded with Dr Khater Massaad, the former chief executive of the state’s investment body, RAKIA. Dr Massaad was convicted of global embezzlement and mismanagement during his tenure as boss and jailed for 15 years in his…