On June 8, 2010, the court found seven companies and four suspects in the money laundering case not guilty for a total of 
£ 150 million (891 million UAE dirhams), which were suspected to have been laundered for three years since 2006. This was the largest money laundering case in the history of the emirate, investigated in Dubai, and this is very important, since the UAE occupy the position of the leading financial center in the Middle East, where the number of crimes related to money laundering is constantly growing. Only in 2009 in the UAE a phenomenal number of 1729 money laundering cases was recorded. The Dubai Court of Appeal upheld the decision of the court of first instance and released all suspected of laundering nearly 891 million UAE dirhams, general manager from Pakistan, company employee from the UAE, specialist from the UK and financial controller from India.
The suspects pleaded not guilty and completely denied all allegations of the acquisition, possession and transfer of £ 150 million, which, according to the prosecutor’s indictment, were obtained through fraud and deception of the authorities of the Netherlands Antilles and the office of the Department of Finance and the Customs Court of Great Britain (RCPO).
Referring to the criminal prosecution points, prosecutors said the suspects were also charged with falsifying two digital money transfer receipts and a $ 5 million loan agreement (UAE dirham 18.4 million), the largest in Dubai’s history. In addition to this, they were charged with submitting forged documents to the UAE Central Bank. For seven companies, they were charged with assisting and participating in illegal money laundering operations.
Reading the historical verdict, the presiding judge, Mahmoud Fahmi Sultan, also overturned for each suspect a two-month prison sentence for falsifying and using unofficial documents, declaring them innocent. The well-known criminal law specialist, lawyer Isa bin Haider, the founder and head of the law firm Bin Haidar Advocates and Legal Consultants, who represented the interests of the accused, commented on this process: “Suspects and their companies were charged with money laundering for a total of 891 million UAE dirhams in for three years and without any solid evidence. Investigators in the case throughout the trial and prosecution process, which began in August 2006, were unable to prove that the allegedly “laundered” amount has a criminal nal origin. "
Mr. Bean Hyder also drew attention to the fact that no charges were brought against his clients in London, despite the fact that the alleged crime was originally investigated there five years ago. He asked: “Suppose the suspects received this money from criminal organizations located abroad. Then why didn’t they appear in court in London?”
The answer by the Dubai Attorney General Issam Isa Al Khumaydan to the question of why the terms of inquiry in this case extended for almost two years was the statement that "this was the largest money laundering case in the history of Dubai."
On this score, lawyer Isa Bin Hyder said: “For four years, Dubai’s prosecutors have worked to delay this trial. It took four years for the case to finally be brought to court. The Investigative Committee appointed by the Prosecutor General’s Office could not provide any concrete evidence or back up charges of US $ 150 million suspected of laundering. "
The Court of Appeal also overturned the decision of the Administrative Offenses Court to seize UAE dirhams for counterfeit documents and money in the amount of 18.4 million. PR
