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A defendant was convicted of money laundering and tax evasion by Abu Dhabi Criminal Court and sentenced to 25 years for embezzlement and a 50 million AED fine.
A defendant convicted of financial fraud, intentional damage to public funds, forgery, and falsifying documents has been condemned by the Abu Dhabi Criminal Court, an institution responsible for investigating tax evasion and money laundering cases. Using his position in a government agency, he fraudulently created 40 million dirham scholarship files.
The accused was found guilty of theft and intentional damage to public funds, along with forgery and using forged official and customary documents, was sentenced to 15 years in jail, restitution of the embezzled money, and fines of 40 million dirhams. Additionally, the court sentenced him to 10 years in prison and fined him 10 million dirhams for money laundering. A confiscation order was issued for all proceeds seized and used in, associated with, or resulting from the crime.
The Abu Dhabi Public Prosecution’s investigations determined that the defendant abused his professional position by engaging in public funds appropriation offences. It was found that the defendant bought luxury automobiles, personalised registration plates, extremely valuable jewellery, and international travel to conceal the sources of the funds that he had obtained through his criminal activity.
To maintain the integrity and transparency of the country’s financial and economic system and protect its resources and capabilities, the public prosecution advocated preserving public funds and implementing all necessary measures to prevent anyone from appropriating or obtaining them fraudulently and illegally.
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