dubai federal prosecutors in the united arab emirates said sunday theyve launched a major investigation into dubaibased real estate developer union propertiesa statement carried by the staterun wam news agency said the investigation involved allegations of the firm selling property at less than its real value and hiding the name of the beneficiary of the sale as well as forging documents and other violationsunion properties known for building dubai motor city did not immediately respond to a request for commentfilings on sunday to the dubai financial market showed shareholders wanted a vote later this week to possibly remove its board of directors separately the company said one of its subsidiaries was involved in a lawsuit seeking nearly 1 billion without elaborating