Abu Dhabi: Convicting 9 defendants and 9 companies for money laundering

Abu Dhabi Criminal Court specialized in money laundering and tax evasion crimes have convicted 9 defendants and 9 companies and sentenced them between 7 and 10 years imprisonment in addition to financial fines for allegedly committing a money laundering offense.

Where the defendants had attempted to conceal illicit amounts of money valued at AED 306 million through suspicious banking transactions.