Money Laundering: Employee Sentenced 25 years Jail and 50 Million Fine in Abu Dhabi
The investigations conducted by the Abu Dhabi Public Prosecution revealed that the defendant abused his position at a public agency to commit the offences and used forged official documents to embezzle funds totalling around AED 40 million.
He also attempted to hide the source of the stolen funds by acquiring luxury cars, registration plates with distinguished digits, valuable jewellery and trips abroad.
The court has ordered the confiscation of all proceeds and objects seized and linked to, used in, or resulting from the crime.
Source: Dubai Eye
By: Gurmeet Singh
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