Verdict in Central Bank scam case on Nov 22

Three foreign defendants charged with an attempt to embezzle nearly Dh100 billion from the UAE Central Bank will be sentenced on November 22, a local newspaper reported on Wednesday.

An Abu Dhabi criminal court decided on the November 22 session at its Tuesday’s hearings on the case, one of the largest financial scams in the region.

“The Abu Dhabi criminal court decided to hold its session on this case on November 22 to issue its sentence,” Al Khaleej daily said.

Two defendants in the case are at large outside the UAE while the third has been arrested by Abu Dhabi police.

The main culprit in the case is Farzin Ali Karoryan Mutlaq, an Iranian, who also was a key suspect in a previous swindle attempt against the Central Bank.