Dubai Public Prosecution refers 8 accused of money laundering to the Misdemeanor Court

Dubai Public Prosecution referred 8 defendants to the Misdemeanor Court for money laundering charges by transferring approximately 200,000 dirhams to and from several bank accounts. They then fraudulently obtained the amount from a bank in the UAE to conceal their sources.

According to the prosecution’s investigation, it was found that seven people from different nationalities, as well as a private company, were operating and benefiting from unknown funds and from illegal sources. They had deposited and transferred financial proceeds amounting to AED 199,780 in the account of a company, and then obtained and used the proceeds to fraud a bank in the emirate by using the name of a hospital in Sharjah, in order to hide and disguise the source of the money.

Accordingly, the accused have committed the misdemeanor of money laundering. The Public Prosecution ordered the referral of all defendants to the Court of Misdemeanors in Dubai to receive applicable penalties.