The Criminal Court in Ras Al Khaimah sentenced Arab defendants to 10 years in prison for damaging public money. A third defendant was charged with the same charge. The court charged the defendants with a refund of 2.6 million dirhams and a fine of the same value.
According to the prosecutor's indictment, the defendants set up a fictitious company to rent hotels, causing damage to public funds.
The defendants were able to obtain the funds of an investment agency in Ras Al Khaimah managed by one of the accused, by setting up a fictitious company to rent a hotel in Ras Al Khaimah within a certain monetary value in an official contract. The investigation revealed that the defendants had damaged the public money and that the investment body in Ras Al Khaimah had not taken advantage of the lease of the hotel during the past years.