Thirteen individuals of Indian nationality and their associated companies have been convicted by Abu Dhabi authorities for money laundering and tax evasion charges. The defendants were found to have participated in unlawful economic activities related to the provision of credit facilities through points of sale (POS) without the necessary licensing.

According to a ruling from the Abu Dhabi Criminal Court, the illegal economic activities carried out by the defendants amounted to a substantial value of Dh510 million. The court's decision is based on the conclusive evidence presented during the trial.

The Abu Dhabi Criminal Court has imposed strict penalties on the convicted individuals. Some defendants have been sentenced to jail terms ranging from 5 to 10 years, which will be followed by deportation. Additionally, the court has ordered fines ranging from Dh5 million to Dh10 million, serving as a financial penalty for their involvement in money laundering and tax evasion.