Conviction in Money Laundering Case
The Abu Dhabi Criminal Court has found a defendant guilty of money laundering, intentional damage to public funds, forgery, and the use of forged official documents. The man embezzled large sums and was also involved in other financial crimes.
The defendant misused his position in a public agency, creating fraudulent scholarship files to embezzle funds from his employer. The total amount embezzled was estimated to be approximately Dh40 million.
Heavy Sentence for Embezzlement
The Abu Dhabi Money Laundering Court sentenced the man to 25 years in prison, accompanied by a substantial fine of Dh50 million. Additionally, he has been ordered to return the embezzled funds, reinstating the money to his employing authority.
News Summary:
- The Abu Dhabi Criminal Court has convicted a man for money laundering, intentional damage to public funds, forgery, and using forged official documents.
- He took advantage of his position in a public agency to embezzle approximately Dh40 million by creating false scholarship files.
- The Abu Dhabi Money Laundering Court sentenced him to 25 years in prison and imposed a fine of Dh50 million. He is also required to return the embezzled funds.
