Wednesday, October 28, 2020

Dubai government official sentenced to 5 years for bribery

-

A Dubai manager at a government entity was on Monday sentenced to five years in jail for taking more than Dh1 million in bribes to facilitate unauthorised payments and procedures.

The Dubai Court of First Instance additionally fined the 46-year-old Emirati manager with Dh1.85 million and ordered that the amount be repaid.

The court said the defendant sought a Dh1 million bribe from a contracting company in return for facilitating a payment of Dh50 million on a project the company had won with a government entity.

He also accepted Dh856,000 in bribes from three other companies in return for helping them be listed as service providers with the government entity, between November 9, 2017 and July 5, 2018.

- Advertisement -

A 53-year-old Indian defendant involved in the case was convicted of mediating between the Emirati defendant and the bribing companies.

He was sentenced to five years in jail, deportation and was fined Dh100,000.

Three other Indian men who worked at the companies which paid the bribes were all charged with and convicted of offering bribes and were sentenced to three years in jail, to be followed by deportation.

One of them was fined Dh250,000 and ordered to repay the same amount to the government entity while the second was fined Dh100,000 and ordered to return an equivalent amount. The third defendant was fined Dh500,000 and was asked to pay the same amount to the entity.

- Advertisement -

“We received information about the employee abusing his position and seeking bribes,” an Emirati policeman said in records.

Police arrested the defendant after setting a trap for him.

He admitted to receiving the bribes during investigation, but denied the charges in the courtroom.

The manager was sacked from his job.

The verdict will be subject to appeal within 15 days.

MUST READ

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former Malawi minister sentenced to six years in prison over passport corruption scandal

A court in Malawi’s capital Lilongwe on Thursday sentenced a former home minister to six years in prison after he was found guilty in...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

UAE suspends licences of 200 law firms over anti-money laundering compliance

Practicing licences of 200 law firms in the UAE have been suspended for a month for not following the prescribed procedures to combat money...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks