An Indian business tycoon facing jail over a Dh150 million ($40.8 million) Bitcoin money-laundering plot is to make a final appeal before Dubai's highest court next week.
Kuwaiti-born Balvinder Singh Sahni, widely known as Abu Sabah, was convicted of a string of financial crimes as founder and chairman of the Raj Sahni Group, a property development company.
He was sentenced to five years in prison and fined Dh500,000 by a court in Dubai in May. He is to be deported after serving his sentence.
In August, Dubai's Court of Appeal further ruled that the 30 accused in the case, including Sahni, must repay the full Dh150 million prosecutors say was laundered.
Dubai Court of Cassation will cons
Continue Reading on The National UAE
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.