The Federal Supreme Court rejected the challenge of a joint Arab accused with others in the case of transferring money worth five million and 623 thousand dirhams, obtained from fraudulent operation abroad by illegal means.
The Public Prosecution referred the accused and others to the criminal trial, demanding that they be punished according to the penal laws, criminalizing money laundering and combating information technology crimes.
The competent Abu Dhabi Federal Appeal Court ruled in absentia for some of the accused and the absence of the accused and others, and punished him with imprisonment for a period of three years and fined him 50 thousand dirhams. The civil case in question was referred to the competent court, and the defendant did not accept the ruling of the judgment and appealed against it.
The Federal Supreme Court affirmed, in the reasons for its refusal to appeal, that the accused does not have a license to practice money exchange, and that he transferred funds outside the state obtained from a fraud crime, with the intention of hiding its truth and disguising its illicit source.