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01 June 2023

Charity official held for money laundering

By Staff

Abu Dhabi authorities arrested an employee at the Islamic and Endowments Authority (IEA) on charges of involvement in money laundering, a crime revealed by his bank, a newspaper reported on Sunday.

A bank statement sent to the anti-laundering unit at the Central Bank showed the unnamed employee received nearly Dh6.6 million in his bank account in just one year. The bank said the funds did not match his salary.

During interrogation by the public prosecutor, the man admitted that the money has been deposited by several compatriots working in the UAE to be transferred to their families at home. He said he was charging them transfer fees while he also confessed to lending some people and charging them 4-6 per cent interest in return for cheques or receipts.

“The prosecutor ordered the arrest of the man on charges of practicing money laundering based on a statement sent by his bank,” Alittihad daily said.