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.
UAE refutes Iranian allegations at BRICS meeting
Dubai to launch drone delivery services at parks, beaches
UAE, India ink defence, energy partnerships as Sheikh Mohamed meets Modi
UAE issues advisory over Danalac infant formula
H.H. Sheikh Mohammed opens DEWA's 'largest, smartest net-zero energy' HQ
UAE to restore Umayyad Mosque in Syria's Damascus
WATCH: Dubai driver caught for reckless stunts on high-speed highway
UAE brokers new round of Russia-Ukraine prisoner exchange
H.H. Sheikh Khaled briefed on West-East oil pipeline project
Dubai's RTA impounds over 9,000 cars in 2025 for illegal parking
UAE condemns attack on Indian-flagged ship off Oman coast
UAE, UK ministers discuss regional stability, bilateral ties
H.H. Sheikh Hamdan reviews operations, developments at Jebel Ali Port
Drugs hidden inside passenger’s body seized at Abu Dhabi Airport
UAE President, Montenegro PM discuss stronger bilateral cooperation
Fujairah says pipeline work triggered fire in petroleum industries area
Yas Island announced as location for Sphere Abu Dhabi project
Warning issued on dangers of sudden road stops after 1 dead, 19 injured
UAE says reports of Israeli PM Netanyahu's visit 'entirely unfounded'
UAE launches platform to help Emiratis choose 'right academic, career paths'
