HomeGulf NewsMoney laundering of $32 million in the Emirates, 30 people sentenced to...


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The accused were also ordered to pay more than 32 million dirhams (File photo: WAM).

The Dubai Criminal Court in the United Arab Emirates has convicted a gang of money laundering and fraud charges.
Thirty people and seven organizations were found involved. Gangs involved in fraud and money laundering through the Internet. More than 32 million dirhams were laundered.
According to Emirates News Agency, the court has sentenced 30 people involved in money laundering to a total of 96 years in prison. An eviction order was also issued on completion of the sentence.
The court also ordered the accused to collectively pay more than 32 million dirhams.
According to Emirates Illum, the court also ordered the confiscation of laptops and mobile phones used in money laundering.
The 7 companies involved in the fraud were ordered to pay 7 million dirhams and ordered to confiscate more than 32 million dirhams.
The gang, comprising 30 individuals and seven companies, obtained the money fraudulently. One lakh 18 thousand fake e-mails of employees of various institutions, departments and banks were created inside and outside the country. The victims of the same email were contacted.

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