DUBAI // Four businessmen who were acquitted of laundering £150 million (Dh827m) in a fraud involving the UK's Revenue & Customs department and companies in the Dutch Antilles are facing a new trial.
The Dubai Misdemeanours Court on Thursday found the four defendants - OY, 35, a British executive; MJ, 46, an Indian financial controller; MA, 59, a Pakistani general manager; and AA, 40, an Emirati employee, and seven companies they either controlled or worked for - not guilty of the charge. It found them guilty, however, of falsifying documents and presenting the forged documents to the Central Bank, and sentenced them to two months in prison each.
Prosecutors, who spent several years preparing for what they described as Dubai's largest-ever money laundering trial, have appealed the case.
The Dubai Court of Appeals will open the new trial on April 20.
The defendants' attorney, Eisa bin Haidar, said during their first trial that there was little evidence against them or their companies. He noted that no charges had been laid against his clients in either the UK or the Dutch Antilles, five islands in the Caribbean controlled by the Netherlands.
According to court documents, the case was opened in Dubai in 2006 after the UK's Revenue & Customs department reported an alleged fraud the year before.
The firms the defendants allegedly used to launder the money included trading companies, a logistics company, a digital company, a property company and a money exchange company.
amustafa@thenational.ae
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
How to protect yourself when air quality drops
Install an air filter in your home.
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The Outsider
Stephen King, Penguin
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Pathaan
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Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
Abu Dhabi Card
5pm: Maiden (PA) Dh 80,000 1,400m
National selection: AF Mohanak
5.30pm: Handicap (PA) Dh 90,000 1,400m
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Napoleon
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Community Shield info
Where, when and at what time Wembley Stadium in London on Sunday at 5pm (UAE time)
Arsenal line up (3-4-2-1) Petr Cech; Rob Holding, Per Mertesacker, Nacho Monreal; Hector Bellerin, Mohamed Elneny, Granit Xhaka, Alex Oxlade-Chamberlain; Alex Iwobi, Danny Welbeck; Alexandre Lacazette
Arsenal manager Arsene Wenger
Chelsea line up (3-4-2-1) Thibaut Courtois; Cesar Azpilicueta, David Luiz, Gary Cahill; Victor Moses, Cesc Fabregas, N'Golo Kante, Marcos Alonso; Willian, Pedro; Michy Batshuayi
Chelsea manager Antonio Conte
Referee Bobby Madley
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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Match info
Uefa Champions League Group B
Barcelona v Tottenham Hotspur, midnight
HAJJAN
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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