Latest news with #AED34
BusinessToday
07-07-2025
- Business
- BusinessToday
Former Prime Minister Could See RM169 Million In Cash Forfeited
The Malaysian Anti-Corruption Commission (MACC) has filed an application to forfeit over RM169 million in cash belonging to former prime minister Datuk Seri Ismail Sabri Yaakob. MACC, represented by the Deputy Public Prosecutor as the applicant, filed the application at the Sessions Court naming Ismail's former political secretary Datuk Mohammad Anuar Mohd Yunus and the ex-premier himself as first and second respondents. In the application, the commission is seeking a court order to forfeit cash seized from the first respondent for the Malaysian government, including RM14,772,150, SG$6,132,350, US$1,461,400, three million Swiss Francs, €12,164,150, ¥363,000,000, £50,250, NZ$44,600, AED34,750,000, and AU$352,850. The application was made under Section 41(1) of the Malaysian Anti-Corruption Commission Act 2009 after the commission was satisfied that the money kept by Anuar belonged to Ismail and was linked to an offence under Section 36(2) of the same Act. The commission also applied for other court orders deemed suitable by the court. Related
Sharjah 24
30-06-2025
- Business
- Sharjah 24
MoHRE fines 1,300 firms AED34mn for not practicing licensed activity
1,300 establishments Since the beginning of the year, the Ministry's monitoring system has detected around 1,300 establishments, owned by approximately 1,800 employers, that were not effectively practising their licensed activities, despite having registered workers without a real employment relationship. AED34 million Strict measures were taken against these establishments, including suspending the issuance of new work permits, imposing more than AED34 million in fines on their owners, and placing them in the third category in the classification scheme for private sector establishments. As part of the MoHRE's efforts to ensure establishment owners comply with the UAE's human resources laws and regulations, measures were implemented against owners of these establishment to prevent them from registering any new establishments in the Ministry's systems. These measures align with the provisions of Federal Decree-Law No.33 of 2021 on Regulating Labour Relations, Cabinet Resolution No. 21 of 2020 Concerning Service Fees and Administrative Fines in the MoHRE, and Ministerial Resolution No.318 of 2024 on the Procedure for Addressing Establishments with Registered Employees Not Conducting Their Licensed Activities. Called on employers whose establishments cease operations for any reason to cancel their licences The Ministry of Human Resources and Emiratisation called on employers whose establishments cease operations for any reason to cancel their licences and settle the status of their workers in accordance with the legal procedures in place in the UAE, in order to avoid legal accountability. The Ministry went on to emphasise that an inactive licensed establishment maintaining registered workers constitutes a serious violation. The legal consequences apply to both the establishment owners and the registered workers, particularly in cases where no genuine employment relationship exists, a clear violation of the legislation. The MoHRE highlighted the efficiency and effectiveness of its field-based and smart monitoring and inspection system in detecting and taking action against such establishments. Leveraging comprehensive indicators on each establishment's activities, authorities can assess its operational status. This assessment is based on factors including authorised business activity, the number of sponsored workers, transaction movements with the Ministry, and other criteria verified through field inspections.
