An African man is on trial in Ras Al Khaimah after he was found to have deposited more than Dh696,000 in his bank account in just five days although his monthly wages is around Dh5,000.
Police arrested the man after the bank’s management informed the central bank, which in turn notified the police about a possible laundering operation.
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Newspapers said the man could not provide evidence that the money is legal nor did he reveal the source of the funds.
He claimed that cheques he issued for Dh383,000 were for a tire firm in Africa but he could not provide proof that he is in tire business.
“The prosecutor charged the man with money laundering after he failed to produce evidence about the source of the funds,” Emarat Al Youm daily said.
