The court found them guilty of laundering Dh510 million involving unlicensed provision of credit facilities through points of sale (POS), the Khaleej Times reported last week. The seven companies involved in the crime were each fined Dh10 million.
A Dubai court has ordered Indian-origin hedge fund trader Sanjay Shah, convicted of tax fraud and money laundering, to pay Denmark's tax authority 4.6 billion dirhams ($1.25bn), thus rejecting a final appeal by him against a civil lawsuit, media reports said.
Chirag Patel from Norfolk pleaded guilty to computer fraud and was sentenced by US District Judge G Murray Snow to 51 months in prison, followed by three years of supervised release. He also was ordered to pay $87,522.25 in restitution, the US Attorney's Office for the District of Arizona said on Monday.
The Federal Circuit and Family Court imposed a $50,400 penalty against Gothic Downs Pty Ltd, which operates Bakers Boutique & Patisserie outlets, and a $10,080 penalty against the company's sole director Giuseppe Conforto.
The city of Preston in the UK has elected Gujarat-born Yakub Patel as its first Indian-origin Muslim Mayor for 2023-24 following the completion of Councillor Neil Darby's term in office. In his new role, Patel will chair council meetings, and act as ceremonial head representing the city at engagements throughout their year in office.
Sai Varshith Kandula, 19, allegedly rammed a rented truck into White House House barriers on Monday night. Kandula may have neo-Nazi sympathies, according to media reports.
