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 air defences intercept 10 ballistic missiles and 26 drones on Thursday
ICP allows residents whose residency expired while abroad to enter UAE without new visa
UAE leaders condole with Sultan of Oman over passing of Sayyid Fahd bin Mahmoud
UAE condemns terrorist attack targeting truck drivers in Mali
DMT confirms continuity of transport services across Abu Dhabi
No injuries after debris from drone interception falls on Dubai building
Ethiopian Prime Minister arrives in UAE on working visit
H.H. Sheikh Mohammed issues law on outsourcing of government services
