ABU DHABI, April 4: The United Arab Emirates has shut down a Dubai-based computer firm that allegedly helped Libya and Iran develop their nuclear programmes, the Central Bank said on Sunday.

US President George W. Bush said in February that SMB Group was a front for proliferation of nuclear components. He said its Sri Lankan director, B.S.A Tahir, was an aide to Pakistani nuclear scientist Abdul Qadeer Khan.

"All SMB-related accounts have been frozen," Central Bank Governor Sultan Nasser al-Suweidi told reporters on the sidelines of a financial conference in Abu Dhabi. "The UAE has shut down the firm and has formed a committee to investigate this company," he said without elaborating.

Earlier this year, the Central Bank said it would launch a probe into Tahir's business if proof of any wrongdoing emerged. At the time, Tahir was named as the head of another Dubai-based company, Gulf Technical Industries, which media reports said had dealings with SMB. -Reuters

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...