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

Thursday, May 25th, 2023 11:31am

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.

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