12 August 2011 AJMAN

http://www.khaleejtimes.com/displayarticle.asp?xfile=data/theuae/2011/August/theuae_August301.xml&section=theuae&col=

The Ajman Public Prosecution is investigating a case of money laundering in which four Asians have been involved. According to police records, the four suspects received cash from a Gulf country every day through various money exchange and banks in the country. The police managed to arrest one suspect, while the main accused who received the money and invested it in various business, and the other two have escaped.

The police and public prosecution records state that Emirate Exchange in Ajman had complained to the anti money laundry unit at Central bank in Abu Dhabi about four people receiving Dh200 to Dh3,000 daily for a year. The police arrested one of the accused who works for construction company in Ajman who confessed that some people had asked him to receive the money for a fee on Dh400 monthly. He used to receive the transferred money sometimes daily and sometimes weekly.

The police said they are making every effort to arrest the other three accused including the mastermind of the activities.