33 C
Dubai
Monday, April 14, 2025
spot_img

Abu Dhabi Money Laundering Court Convicts Asim Abdul Rahman Ghafoor Of Money Laundering

[ad_1]

ABU DHABI – The Abu Dhabi Money Laundering and Tax Evasion Tribunal has ruled that defendant Asim Abdul Rahman Ghafoor – a US citizen – committed in his country Convicted in the opposite sentence of tax evasion-related money laundering offences.

The court, in his presence, ruled to quash the previously issued jail sentence and revised the sentence to a Dh5 million fine, confiscation of crime-related funds and expulsion from the UAE.

The case was launched after receiving a request for assistance from U.S. authorities investigating the defendants’ involvement in tax evasion and suspicious money transfers in an attempt to conceal illegal means of obtaining funds.

The U.S. authorities also demanded that the defendant’s bank account be inspected, through which he received the transfer of the funds in question. .

The Abu Dhabi Prosecution Authority, in coordination with the relevant authorities, began executing mutual legal assistance requests and verifying the nature of financial transactions related to these accounts and bank transfers, as it was found that there was a crime of money laundering. This took place in the country, and the defendants carried out without a proven source. International Money Transfer.

The public prosecution ordered the transfer of the case to the Abu Dhabi Money Laundering and Tax Evasion Court, which had previously sentenced to three years in prison and a Dh3 million fine before deportation.

The defendant has the right to appeal the decision made within the time limit established by law.

[ad_2]

Source link

Related Articles

Crowwd: Bringing Clarity and Credibility to Retail Investing

At just 24, Ajitesh Gupta is quietly leading one of the most promising shifts in India’s financial content space. After co-founding Crowwd in Europe,...

Empowering Livelihoods: The Visionary Journey of Madhuban Pandey and SCORE Livelihood Foundation

A Mission Born of Necessity For Madhuban Pandey, entrepreneurship has never been just about business; it’s been about impact. A seasoned entrepreneur with experience spanning...

Krishna Satish: Bridging the Gaps in Social Welfare with Malkajgiri Helping Hands

From Corporate Aspirations to Community Transformation When Krishna Satish embarked on his professional journey, he envisioned a future in the corporate world. With a background...

From Cookbooks to Kitchens Across India: Anurag Mehta’s Mission to Redefine Quality in the Indian Food Industry

The Taste of Legacy, The Vision of Innovation When you think of Indian kitchens, the name Nita Mehta is likely to ring a bell. With...

Katy Perry Ignites Global Comeback with Electrifying 2025 World Tour – Abu Dhabi Show Promises Unforgettable F1 Fusion

Katy Perry will embark on a highly anticipated world tour, marking her dynamic return to the global stage after a period of relative quiet. Known...

Latest Articles