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Business Standard
06-05-2025
- Business
- Business Standard
Who is the Indian-origin billionaire Balvinder Singh jailed in Dubai?
Dubai-based Indian businessman Balvinder Singh Sahni, also known as 'Abu Sabah', has been sentenced to five years in prison by Dubai's Fourth Criminal Court on charges of money laundering through a criminal network, according to a report by the Gulf News. According to the news report, Dubai's court also imposed a fine of AED 500,000 (approximately ₹1.14 crore) and ordered the confiscation of AED 150 million (about ₹344 crore) linked to the crime. After completing his prison term, Sahni will be deported from the UAE. Who is Balvinder Singh Sahni? Sahni is a well-known businessman among Dubai's business elites. He is the founder of a real estate and property management company, RSG Group. The company operates in the UAE, India, the US, and other countries. In 2016, Saini made headlines when he purchased the car number plate 'D5' for AED 33 million (about $9 million at the time). The deal was one of the most expensive car plates ever sold. Known for his fancy lifestyle, Sahni frequently appeared in the news for his luxury cars, expensive real estate investments, and charity events. Criminal network using shell companies Initially, the case began at Bur Dubai Police Station, and then later it was transferred to the Public Prosecution on December 18, 2024. Gulf News mentioned that the first court hearing in the case took place on January 9, 2025. The findings revealed that Sahni, along with 32 others, including his son, was involved in a large-scale money laundering operation in the country. According to court documents, the group ran a criminal network using shell companies, fake partnerships, and forged invoices to move money illegally. However, these activities were carried out not only in the UAE but also involved international financial transactions. The network used complex techniques to mislead the illegal origin of their funds. As part of the investigations, the authorities have seized the electronic devices, documents, mobile phones, and financial data. The court ruled that AED 150 million was money made through illegal means and ordered it to be confiscated. Multiple defendants According to the report, the case involved a total of 33 defendants. Some of them appeared in court, while others were tried in absentia. In addition to Sahni's five-year sentence, several other individuals were sentenced to one year in jail and fined AED 200,000 each. Three companies found guilty in the case were each fined AED 50 million and ordered to surrender any criminal assets they controlled.
Mint
06-05-2025
- Business
- Mint
Who is Balvinder Singh Sahni? Indian billionaire jailed in Dubai, kept black Bugatti to 'wards off evil eye'
Balvinder Singh Sahni, a Dubai-based Indian billionaire, was sentenced to 5 years in jail on charges of money laundering. A Dubai court ordered the confiscation of 150 million AED ( ₹ 344 crore) from the businessman, Gulf News reported. A fine of 5,00,000 AED ( ₹ 1.14 crore) was also imposed on the Indian businessman. Besides, the court ruled that Sahni be deported following the completion of his jail sentence. Balvinder Singh Sahni, widely known as 'Abu Sabah', is the founder of a property management firm with operations in the UAE, the US, India, and other countries, Gulf News reported. Meanwhile, Khaleej Times reported that Balvinder Singh Sahni was the chairman of the RSG Group and often appeared in traditional Emirati attire, usually paired with a baseball cap. He is a "businessman whose love for the number 9, the colour blue, luxury cars, and rare licence plates made headlines more often than his commercial ventures," Khaleej Times reported. Known for his high-profile investments and extravagant lifestyle, he garnered public attention in 2016 after purchasing a single-digit car plate 'D5' for 33 million AED ( ₹ 75 crore) at a special auction for distinguished number plates. It was then the most expensive number plate. 'I have both Dubai 5 and Abu Dhabi 5,' he reportedly said in a 2022 interview, adding: 'I don't even know how many cars I have. My number plates alone are worth more than my vehicles.' As per the reports, Sahni famously surrounded himself with items he believed attracted fortune — or warded off misfortune. Among them was a limited-edition black Bugatti, which he once parked in the centre of his Palm Jumeirah mansion on the advice that something black would protect him from the "evil eye," Khaleej Times reported. 'I don't even like black,' Sahni said in a YouTube interview filmed in his gold-trimmed home. 'But they said it wards off the evil eye," he was quoted as saying. Balvinder Singh Sahni was accused of being involved in money laundering through a criminal organisation. Last week, he was sentenced to five years in prison and fined Dh500,000 for laundering Dh150 million through a network of shell companies and suspicious financial transactions. The verdict, handed down by Dubai's Fourth Criminal Court, reportedly ordered Sahni's deportation and the confiscation of his funds, electronic devices, and financial records. Sahni's son was among 32 others convicted alongside him. Some defendants were sentenced in absentia. Others received lighter penalties, including one-year prison terms and Dh200,000 fines. First Published: 6 May 2025, 09:21 AM IST
Associated Press
19-03-2025
- Business
- Associated Press
ADP Celebrates 2025 HCM Distinction Award Winners at 40th Annual ADP® Meeting of the Minds Conference
ROSELAND, N.J., March 19, 2025 /PRNewswire/ -- During the 40th annual ADP Meeting of the Minds conference, ADP, a leading global technology company providing human capital management (HCM) solutions, announced the winners for the 2025 HCM Distinction Awards. Helping to transform the world of work, these five companies, RSG Group (Gold's Gym), BrightPath Early Learning and Child Care, Stanley Black & Decker, Tillys, and Academy Bank, demonstrate excellence in HCM and lead the way in workplace innovation. The awards are given to a select group of large employers that are leveraging HCM technology to drive organizational agility, build people-centric cultures, lead workplace innovation, enable global performance, and deliver enhanced candidate and employee experiences. These forward-thinking organizations were selected from a highly competitive pool of applicants that have all demonstrated a strong commitment to HCM excellence. Each winner was recognized during ADP Meeting of the Minds, which for the past 40 years has offered an exchange of inspiration and expertise, providing attendees with educational sessions, networking opportunities, an inside look at the latest ADP HCM technologies and recognition of best-in-class initiatives. 'The past several years have taught us that business can be unpredictable,' said Kareem Rogers, president of National Account Services at ADP. 'From evolving talent needs to faster adoption of new technology, change itself is the new norm. Being ready for the next anything is about putting your organization in a position to successfully anticipate, navigate and respond. These esteemed organizations are doing just that – they're leveraging the latest HCM technology to transform how they support their people and leading the way forward in the future of work.' Agility at Work Award Winner: RSG Group (Gold's Gym) This award honors an organization that has shown remarkable agility in the dynamic world of work, leading to enhanced efficiencies, optimal resource allocation and a thriving workforce. Part of RSG Group, a global fitness company, Gold's Gym manages gyms across 50 locations with approximately 1,700 employees. With a vision to automate as much as possible to support continued growth, Gold's Gym has worked with ADP to centralize and streamline its HR functions. These efforts have driven efficiency in payroll and onboarding, helping to accommodate a dynamic workforce with multiple roles and pay rates. Equipped with insights into workforce management needs, Gold's Gym has been able to free up time to be more strategic, streamlining manual processes and driving cost savings. Culture at Work: BrightPath Early Learning and Child Care This award celebrates an organization that drives sustained employee engagement through a dynamic, best-in-class workplace culture. BrightPath Early Learning and Child Care, part of Busy Bees, is one of the world's largest providers of early years education and care. The company is committed to creating an enriching learning environment that provides children with the best start in life. That environment is built on a foundation of inclusivity and engagement, a culture that BrightPath has intentionally built with its over 7,000 employees across 236 centers in North America. To support that culture, BrightPath has implemented employee recognition programs and leveraged engagement surveys and feedback mechanisms to enhance retention and engagement, while using ADP's data insights, mobile app, and onboarding processes to improve efficiency and enhance the employee experience. Global Solutions at Work Award Winner: Stanley Black & Decker This award features a global organization that exemplifies leadership in human capital management by effectively harnessing advanced digital technologies and streamlining and simplifying its organization. A worldwide leader in tools and outdoor, Stanley Black & Decker's approximately 48,500 employees produce innovative end-user inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners to support the world's builders, tradespeople and DIYers. With the goal to deliver an exceptional global employee experience, the company worked with ADP to centralize and streamline its payroll and HR processes. This enabled the company to offer a consistent experience to employees within their own native languages across the countries in which it operates, including self-service capabilities. This effort also helped the company centralize its data and standardize performance metrics, making reporting much easier. Innovation at Work Award Winner: Tillys This award recognizes an organization that has demonstrated a commitment to driving workplace innovation. A specialty retailer with 248 store locations across 33 states, Tillys consistently strives to think outside the box. With a young workforce that values technology, the company worked with ADP to ensure its HR solutions could meet its people's needs, including self-service and mobile app capabilities that are intuitive and easy to navigate. Tillys additionally automated to a fully paperless merit and review process, working to streamline manual processes and find new ways to deliver value to its employees. These enhancements have additionally helped the company adapt during holiday peak seasons when staffing needs fluctuate according to demand. Talent at Work Award Winner: Academy Bank This award showcases an organization that consistently drives process advancements and performance throughout the talent journey, resulting in enhanced efficiencies, optimized resources and a better experience for candidates and employees. Academy Bank is a family-owned bank that serves the financial needs of consumers, businesses and its communities. To support its talent, Academy Bank worked with ADP to unify its HR processes in one system, which helped to streamline recruitment and onboarding and more effectively meet employees' needs. They've additionally leveraged insights and analytics to reduce overtime and more quickly fill new positions, and they've introduced mobile app capabilities to support employees' self-service needs and drive retention. For more information on ADP Meeting of the Minds, visit here. About ADP (NASDAQ: ADP) ADP, the ADP logo, and Always Designing for People, are trademarks of ADP, Inc. All other marks are the property of their respective owners.
