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Financial Crime, Fraud, UAE

NEWS: Wealthy Indian businessman ‘Abu Sabah’ jailed in UAE for money laundering

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Wealthhy Indian businessman Balvinder Singh Sahni, also known as Abu Sabah.

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NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

By PAUL O’DONOGHUE, Senior Correspondent

Wealthy Indian businessman Balvinder Singh Sahni, also known as Abu Sabah, will be jailed and deported from the UAE for financial crimes, including money laundering.

Sahni received a five-year prison sentence and a Dh500,000 ($136,147) fine from Dubai’s Fourth Criminal Court. Authorities also seized assets worth Dh150 million. He will be deported after completing his sentence.

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Premium

NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

 Premium

NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

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