Two top executives sentenced to 15 years in jail for money laundering in Abu Dhabi ...United Arab Emirates

Abu Dhabi: The Abu Dhabi Criminal Court has sentenced a former board chairman at an Abu Dhabi Government-owned company, and its CEO, to 15 years in prison for money laundering. The Court, which has jurisdiction over money laundering and tax evasion, also ordered both defendants to pay a fine and return about Dh8 billion to the companies. In a statement, the Court said the two defendants had taken advantage of their positions, to the detriment of public funds. Read More UAE administers 123,740 doses of COVID-19 vaccine in 24 hours Invest Dubai: Start your business in Dubai in 5 minutes and one step In addition to the prison term and fines, the Court ordered the seizure of the money

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