Indian Billionaire Balvinder Singh Sahni is sentenced to 5 years in Dubai. He is accused of masterminding a sophisticated money laundering network. He is fined ₹1 crore, and Dubai ordered the seizure of 150 million AED (₹344 Cr). After sentence completion, he will be deported. Let’s understand this case in detail.
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Indian Billionaire: A 5-Year Sentence.
Indian Billionaire Balvinder Singh Sahni is sentenced to 5 years in jail in Dubai. He is accused on charge of money laundering. According to local media, this billionaire, also known as ‘Abu Sahab’, is jailed for 5 years in Dubai, with a 500,000 AED (₹1 crore) fine. Even he will be deported once completes the sentence.
Khaleej Times reported, a fixture in Dubai’s elite circles, Billionaire, was accused of money laundering of 150 Dirham through a network of shell companies and forged invoices. According to Gulf News, Dubai’s Fourth Criminal Court also ordered the confiscation of 150 million dirham (around ₹344 crore) from Sahni.
Alongside him, among 32 others, his son also comes. So, these fraudsters have also been fined 200,000 Dirham, and some of them are sentenced to jail for around 1 year.
Balvinder Singh Sahni: A Money Laundering Case.
Year 2024 was the first time that the case against Sahni and other defenders was filed at the Bur Dubai Police Station. In December that year, the case was transferred to the Public Prosecution. The investigation unfolded a sophisticated laundering operation through shell companies, a fake commercial partnership, and suspicious transactions both in the UAE and abroad.
Ultimately, he was caught in May, when the court ordered Sahni to pay a 500,000 AED fine, and ordered the seizure of 150 million Dirham (₹344 crore). He gets 5 5-year punishments of jail sentences, and is ordered to be deported after completing the sentence.
Defendants, who tried to defend in absentia and who appeared in court, several of them were sentenced for a year, and were fined 200,000 dirhams. Moreover, companies which involved in this operation were fined 50 million dirham each.
Who Is This Dubai-based Indian Billionaire?
Balvinder Singh Sahni is a professional entrepreneur and the founder and chairman of Raj Sahni Group (RSG), a property development firm, expanded in several countries such as the UAE, the US, India, and more.
Reports disclose his Dubai company’s portfolio, which includes the Qasr Sabah’s residential buildings in Dubai Sports City, a 24-storey Burj Sabah apartment complex in Jumeirah Village Circle, commercial property in Bay Square, Business Bay, and a five-star hotel called Sabah Dubai, among others.
Sahni is passionate about a luxury car collection. His passion for cars is reflected when, in 2016, he made headlines when he purchased a car with a number plate only having one digit ‘5’ for 33 million dirham (₹76 crore) for one of his Rolls-Royce cars.
Often seen wearing his distinctive royal blue kandura, baseball cap, and matching trainers, Sahni has around 3.3 million followers on Instagram.
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