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A public relations chief at a bank in Dubai is facing charges of laundering more than Dh34 million by opening four fake accounts in the name of four women at the request of a Pakistani minister.
The prosecutor accused the defendant in court that he opened those accounts after providing fake documents to the bank?s management.
He said a total Dh34.3 million and 200 Islamic bond certificates had been deposited into those accounts in violation of the UAE bank laws requiring banks to identify the sources of any deposit and other financial inflows as part of anti-laundering rules.
This is a futile attempt by the defendant to defend himself but his claims are baseless?he violated banking rules by opening those accounts with fake documents without any evidence that the account holders have been in the UAE.