Course offers training in English language, interviewing skills, resume writing, and job search tips
The Abu Dhabi Criminal Court has sentenced a former senior management executive of a government-owned company and its CEO to 15 years in prison for money laundering.
ALSO READ:
>> 11 UAE banks fined Dh45 million for breaking anti-money laundering rules
>> UAE jails 6 expats, issues fines up to Dh160 million for money laundering
The pair — a former Chairman of the Board of Directors and a CEO of an Abu Dhabi company — was ordered to return about Dh8 billion to the two companies they misappropriated public funds from.
The court ordered the seizure of the proceeds resulting from the duo's criminal activities as well as property of equivalent value.
The two were ordered to pay Dh501,000 as temporary compensation to the victim companies. The court also sentenced the CEO to be deported after serving his prison sentence.
Listen to this story and more on 8@8 with David Light
Court documents revealed that the pair laundered the money by using forged documents, deliberately concealing the real nature of funds obtained, and injecting the funds into false investment transactions with several companies.
Investigations conducted by the Public Prosecution in Abu Dhabi further revealed that the accused exploited the names of the two victim companies to enter into agreements with companies outside the country — and did so by abusing their respective positions at the employing company.
They also created several companies outside the country to cover up the illegal activities, then used accounts and other companies to divide and distribute the funds to those involved in the crimes, and finally transferred the funds to other accounts in order to conceal their illegal sources.
Course offers training in English language, interviewing skills, resume writing, and job search tips
Beloved to tourists as well as residents, these spots not only fulfil your food and shopping cravings, but also provide experiences in nature
It means that residents are within a quarter-hour walk or bike ride from everything they need to a lead a good life
The Minister of Youth shared some exercises — from walking to fitness and balance training — integral to his reconditioning programme
Pezeshkian's remarks came as the Islamic republic marked the anniversary of the September 2022 death of 22-year-old Iranian Kurd Mahsa Amini in police custody
Agents opened fire on a gunman who was spotted with an assault-style rifle hiding in bushes at one of Trump's Florida golf courses
The superfans stumping for Kamala Harris are not formally affiliated with the artist who unites them
From choosing secure connections to avoiding risky pop-ups, here's how you can protect your privacy