‘So I paid myself $1 million – I’m not a charity’

An arms dealer told the High Court today he was a close friend of the ruler of the Gulf state which is suing him for fraud. 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 multi million pound fraud jailed for 15 years in his absence in…