A court in Abu Dhabi has shut down two companies involved in forgery and money laundering and confiscated AED 39 million from their bank accounts.
The two firms have also been fined AED 500,000 each, while their owner has been sentenced to 10 years in jail.
He will be deported after serving his jail term.
The verdict was announced by the Abu Dhabi Federal Criminal Appeal Court, which said the case involved close cooperation between the UAE’s law enforcement authorities, the Central Bank and the Financial Intelligence Unit.
Debris from drone interception hits Oracle building in Dubai
No fire or injuries after drone interception in Dubai Marina
One dead, four injured in Habshan gas facility incident
UAE approves new oral obesity treatment
Dubai to roll out EV superchargers across parks, beaches
