Dubai Eye 103.8

On Air Now
The Music Mix
11:00pm - 10:00am

Listen To Dubai Eye

Employee sentenced to 25 years in jail, fined AED 50 million for money laundering

Thursday, 25 May 2023 11:31

By ARN News Staff

WAM

Abu Dhabi Criminal Court has sentenced a man to 25 years in prison and fined AED 50 million for money laundering and forgery charges.

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.

More from Local

Fee hike approved for Dubai’s private schools

The Knowledge and Human Development Authority (KHDA) has approved a 2.35 per cent Education Cost Index (ECI) for Dubai's for-profit private schools for the 2025–26 academic year, allowing eligible schools to increase tuition fees within that limit.
Dubai court sentences Indian tycoon in major money laundering case

A Dubai court has sentenced Indian businessman B.S.S., widely known as 'Abu Sabah', to five years in prison for his role in a large-scale money laundering operation.
Weekend road works to cause delays on key Dubai-Sharjah road

Authorities are warning of delays on Emirates Road on Saturday and Sunday due to scheduled maintenance and rehabilitation works.
Driver arrested in Sharjah for 137 violations, AED 104,000 in fines

Sharjah Police have arrested a motorist who racked up 137 traffic violations and fines totalling over AED 104,000, all while using forged licence plates to evade detection.
Sheikh Abdullah, President of Ecuador discuss boosting ties

Economic and developmental cooperation topped the agenda during discussions between His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and President of Ecuador, Daniel Noboa.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!