It issued sentences of 7 to 10 years in prison and fines of 80 million dirhams

Abu Dhabi Criminal Court convicts 8 people accused of fraud and money laundering

Abu Dhabi Criminal Court acquitted the accused in the case.

From the source

The Abu Dhabi Criminal Court convicted eight defendants (four Emiratis, three Syrians and an Ethiopian woman) of committing fraud by seizing cars using fraudulent methods that would deceive the victims by deceiving them to buy their own vehicles and pay their value by checks and found that they had no balance, in addition to They committed the money laundering crime by diverting and concealing the truth of the proceeds from the original crime, transferring the ownership of vehicles and registering them among themselves, reselling them and depositing part of the funds in the bank accounts of some of them, with the intent of concealing and disguising their truth and illegal source.

The court issued rulings convicting the eight defendants in prison terms ranging between seven and 10 years, and a fine of 10 million dirhams each, and the deportation of four defendants from the state after the execution of the penalty, and the acquittal of two defendants in the case, with the confiscation of funds subject to the crime of money laundering, whether the liquid in the defendants’ accounts with Any of the banks operating in the country or abroad, or any of the tangible or intangible assets owned by each of them.

The details of the case are due to the receipt of reports of the seizure of cars for allegedly buying them in exchange for checks that have no balance, so that investigations were conducted that revealed the existence of a gang formation, the aim of which is to defraud those wishing to sell cars displayed on a website, with an agreement on the distribution of roles among them, and changing The role of each of them every time they defraud one of the victims, and change their names to try to avoid revealing their identity.

With regard to the part of the money laundering crime, the investigations, investigations and investigations of the Public Prosecution, with the examination of the accused’s accounts with the knowledge of the Financial Information Unit of the Central Bank, in accordance with the procedures adopted in the UAE to combat money laundering crimes, it was found that there are suspicions in the accounts of the accused, through Proving that the bank balance of one of the defendants is not proportional to his monthly salary, and another defendant issued checks from books issued on his bank account before freezing it, in addition to transferring the ownership of cars between the defendants and then selling them to others several times, with the aim of concealing and disguising their illegal source, within the criminal plan agreed upon between the accused.

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