UAE: Indian Billionaire Jailed and Facing Deportation for Money Laundering
In a significant ruling, the UAE has sentenced Indian businessman Abu Sabah to five years in prison for his involvement in a money laundering scheme.
Following his prison term, he will face deportation from the country.
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The court found Abu Sabah guilty of laundering over Dh200 million through a network of companies.
The case highlighted the UAE’s ongoing efforts to combat financial crimes and uphold legal integrity within its financial systems.
Authorities have stated that they will continue to target individuals and organizations involved in illicit financial activities, reinforcing the country’s commitment to maintaining a transparent business environment.
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Khaleej Times
