Money Laundering: 5 -Indian billionaires Palvinder Singh Sahni is jailed for ‘money laundering’
Indian millionaire Balvinder Singh Sahni (File Photo) lives in Dubai
Indian billionaire Balvinder Singh Sahni, who lives in Dubai, has been sentenced to five years in prison for money laundering. After the jail sentence, the Dubai court also ruled that the Sahni should be deported. According to the Gulf News of Dubai, the fourth Criminal Court of Dubai (DubaiThe ‘Fourth Criminal Court) has ordered the confiscation of 150 million AED (4 344 crore) from Sahni, widely known as’ Abu Saba’).
Sahni was accused of robbing 150 million dirhams through a network of fake companies and fake salans. According to the Caliej Times report, Sahni’s son was also included in the 32 convicts.
Million 9 million for car number for Plate D5
Balvinder Singh Sahni is known for his unique wealth, and the property developer once paid Million 9 million for his Rolls Royce car for the car number plate T5.
The money laundering case was registered in 2024
The case against RSG Group Chairman Sahni was initially registered at the Bur Dubai police station in 2024. It was later transferred to the public case the same year on December 18. At the first court session on January 9, 2025, the prosecutors presented evidence of sophisticated financial transactions involved in sailing companies, pseudo -business partnership and sophisticated financial transactions in international powers.
He was convicted of May
He was convicted in May, or ordered to fill the fine by the Dubai court and seize 150 million Dirham, which is believed to have been acquired by illegal actions. The court ordered him to be deported after the sentence.
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