Who is Indian-origin billionaire Balvinder Singh Sahni jailed in Dubai for…, court ordered to deport him after…, seize his Rs 3440000000
Balvinder Singh Sahn is a Dubai-based Indian businessman and billionaire. He is also known as Abu Sabah and has been sentenced to five years in prison and fined Dh 500,000 (Rs 1.15 crore) for financial crimes like money laundering. Dubai's Fourth Criminal Court convicted Sahni for operating a money laundering network using shell companies and suspicious financial transactions. The court also ordered the confiscation of Dh 150 million (Rs 344.6 crore) in assets before his deportation from the UAE after his sentence.
According to Gulf News, Sahni laundered Dh 150 million through a network of shell companies and forged invoices. Along with him 33 others were implicated, including his son. Who Is Balvinder Singh Sahni?
53 years old Sahni is the founder and chairman of the Raj Sahni Group (RSG). It is a property development firm which operates in the UAE, US, India, and other countries. His company's Dubai property portfolio has residential buildings like Qasr Sabah in Dubai Sports City. The 24-storey Burj Sabah apartment complex in Jumeirah Village Circle, commercial properties in Bay Square, Business Bay and five-star hotel, Sabah Dubai.
Sahni is also known for his lifestyle and luxury car collection. In 2016, he made headlines for purchasing the Dubai number plate D5 for Dh 33 million ($9 million) for one of his Rolls-Royce vehicles.
He is recognized for his royal blue kandura baseball cap.He has 3.3 million Instagram followers, where he is active about his lifestyle. Case Against Sahni
Investigations revealed his financial records and business linked to the UAE and internationally. According to Khaleej Times, Sahni's scheme relied on forged invoices and shell companies to conduct illegal financial transactions.
In its ruling, the court imposed a fine of Dh 500,000 on Sahni and asked for the confiscation of Dh 150 million. He will be deported upon completion of his five-year prison sentence.
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