Acquittal of a trader from money laundering charge

Yesterday, Ras Al-Khaima Court of Appeal acquitted a defendant in a “money laundering” case worth AED 278 million.

Lawyer Salem Al-Kait, the accused’s attorney, said that the Misdemeanor Court of First Instance had acquitted his client in a previous hearing. The Public Prosecution appealed the ruling, then the court of appeal sentenced the accused for two years in prison followed by deportation and confiscating an amount of AED 10,000,000 from the companies mentioned in the specialized committee report.