Jun.09, 2010
The Dubai Court of Appeal yesterday acquitted defendants in the Dh827 million money laundering case. Four defendants and seven companies were charged with forging non-official documents.
The Dubai Court of Misdemeanour earlier acquitted the defendants of the money laundering charge, but indicted them for the forgery, giving them a two-month sentence. It also confiscated Dh20 million taken by forgery. The case is the biggest of its kind in the UAE.
Also yesterday, the Dubai Criminal Court heard for the second time the testimony of Abdullatif Al Banna, who purchased a plot in the Jumeirah Lakes project. Five defendants are involved in the case known as Tamweel 2.
The court said it wanted to discuss some matters with the expert of the Financial Audit Department.