Laundering case ruling in August

The Dubai Court of Misdemeanour completed hearings in a money laundering case yesterday and adjourned to August 3 for the verdict. The four accused were from the UAE, Pakistan, India and the UK. Seven companies in the emirate were also charged.

Defence counsel Issa bin Haider said his clients were innocent and had been framed by certain people with vested interests who wanted to prevent them from entering the local market with their money.

Bin Haider based his defence on the integrity of the defendants' commercial activities outside the UAE and said authorities in Holland and the UK – where the accused have business interests related to the case – do not have evidence that they were involved in money laundering activities.