The courts in Dubai have imposed fines worth AED 15 million and handed down jail sentences to nine convicts for money laundering.
The period of their imprisonments ranged from nine months to eight years.
About AED 306,000 were confiscated in money laundering cases.
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The Criminal Court sentenced a defendant to three years imprisonment for the charge imposed on him as well as a fine of AED 14.76 million.
Counselor Ismail Ali Madani, Senior Advocate General and Head of Public Funds Prosecution, said the defendant committed the crime of money laundering an amount of AED 14.76 million by transferring, using and concealing the truth of the proceeds.
This was worked out by appropriating public funds related to proceeds from a large number of damaged replacement cards that were misappropriated from the branch of a company where the defendant worked as a sales executive.
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In another case, the Criminal Court had sentenced four defendants to imprisonment ranging from three months to three years.
A fifth defendant, a legal person, was fined AED300,000. The defendants had misappropriated an amount of AED2.5 million belonging to a foreign woman. (AW)
