UAE: Gang of 15 charged in Dh107-million case of tax evasion, money laundering

Dr Hamad Saif Al Shamsi, Attorney-General of the UAE, has ordered the referral of 15 individuals of various Arab nationalities to the criminal court, including some who are in custody and others who are fugitives with warrants issued for their arrest.

The indictment also includes 12 companies accused of forgery, money laundering, and tax evasion.

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Investigations conducted by the Federal Prosecution for Tax Evasion Crimes, under the direct supervision of the Attorney-General, revealed that the defendants formed a criminal gang to commit fraud, as they falsified official documents attributed to the Ministry of Economy, chambers of commerce, customs authorities, and other entities.

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These forged documents enabled them to unlawfully claim refunds for value-added tax (VAT) on fictitious goods they falsely claimed to have purchased, paid VAT for, and exported abroad using companies they established for their criminal scheme.

The defendants also misappropriated VAT amounts on imports that were meant to be remitted to the Federal Tax Authority.

The total amount misappropriated by the defendants exceeded Dh107 million. The defendants also concealed and disguised the source of the illicit proceeds through money laundering activities.

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