Latest news with #RajSahniGroup
Mint
06-05-2025
- Business
- Mint
Balvinder Singh Sahni jailed in Dubai: From $100mn house to ₹80cr Rolls Royce plate - Look at his lavish spends
Balvinder Singh Sahni, a Dubai-based Indian billionaire, was sentenced to 5 years in jail on money laundering charges. The court ordered the confiscation of 150 million AED ( ₹ 344 crore) from the businessman, in addition to 5,00,000 AED ( ₹ 1.14 crore), Gulf News reported. Balvinder Singh Sahni, popularly known as 'Abu Sabah', is the founder of Raj Sahni Group (RSG), a company operating in the UAE, the US, India, and other countries. He is also known for his lavish spending, including buying a single-digit car plate 'D5' for Dh33 million at a special auction for distinguished number plates, reportedly one of the most expensive in the Emirates. In 2016, Balvinder Singh Sahni gained significant attention for purchasing the Dubai license plate "D5" for AED 33 million (nearly ₹ 80 crore) and the "O9" plate for AED 24.5 million, referring to his belief in the lucky number 9. Sahni 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. 'I like collecting unique number plates and I am proud to have got this number. I like number nine and D5 adds up to nine, so I went for it,' Sahni said in a YouTube video on the "Mo Vlogs" channel. He lives in a luxurious and lavish $100 million mansion in Dubai. Sahni also bought a mobile number (058-8888888) for AED 4.5 million. In a 2022 interview, he reportedly said, 'I have both Dubai 5 and Abu Dhabi 5….I don't even know how many cars I have. My number plates alone are worth more than my vehicles.' His other lavish expenses include a collection of Rolls-Royce cars, a Mercedes-AMG G63, a mansion including customised Bentley furniture and a Bugatti Chiron display, the Mo Vlogs video showed.
India.com
06-05-2025
- Business
- India.com
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 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.
Mint
06-05-2025
- Business
- Mint
Balvinder Singh Sahni jailed in Dubai: From $100mn house to ₹80cr Rolls Royce plate - Look at his lavish spends
Balvinder Singh Sahni, a Dubai-based Indian billionaire, was sentenced to 5 years in jail on money laundering charges. The court ordered the confiscation of 150 million AED ( ₹ 344 crore) from the businessman, in addition to 5,00,000 AED ( ₹ 1.14 crore), Gulf News reported. Balvinder Singh Sahni, popularly known as 'Abu Sabah', is the founder of Raj Sahni Group (RSG), a company operating in the UAE, the US, India, and other countries. He is also known for his lavish spending, including buying a single-digit car plate 'D5' for Dh33 million at a special auction for distinguished number plates, reportedly one of the most expensive in the Emirates. In 2016, Balvinder Singh Sahni gained significant attention for purchasing the Dubai license plate "D5" for AED 33 million (nearly ₹ 80 crore) and the "O9" plate for AED 24.5 million, referring to his belief in the lucky number 9. Sahni 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. 'I like collecting unique number plates and I am proud to have got this number. I like number nine and D5 adds up to nine, so I went for it,' Sahni said in a YouTube video on the "Mo Vlogs" channel. He lives in a luxurious and lavish $100 million mansion in Dubai. Sahni also bought a mobile number (058-8888888) for AED 4.5 million. In a 2022 interview, he reportedly said, 'I have both Dubai 5 and Abu Dhabi 5….I don't even know how many cars I have. My number plates alone are worth more than my vehicles.' His other lavish expenses include a collection of Rolls-Royce cars, a Mercedes-AMG G63, a mansion including customised Bentley furniture and a Bugatti Chiron display, the Mo Vlogs video showed. Balvinder Singh Sahni was accused of laundering money through a criminal organisation. He was sentenced and fined for laundering Dh150 million through a network of shell companies and suspicious financial transactions. The Dubai Court ordered Sahni's deportation after release and confiscation of his funds, electronic devices, and financial records. First Published: 6 May 2025, 12:25 PM IST
NDTV
06-05-2025
- Business
- NDTV
Who Is Balvinder Singh Sahni, Indian Origin Billionair Jailed In Dubai For Money Laundering
The businessman was convicted along with 33 others, including his son Dubai: Dubai-based Indian businessman Balvinder Singh Sahni will be jailed and deported from the United Arab Emirates (UAE) for financial crimes, including money laundering. Also known as Abu Sabah, the billionaire received a five-year prison sentence and a Dh500,000 (Rs 1,14,89,750) fine. A Dubai court also ordered the confiscation of Dh150 million (Rs 3,446 million) from the businessman before he is deported from the country. A well-known name in Dubai's elite circles, Sahni has been convicted of laundering Dh150 million through a network of shell companies and forged invoices, according to a report by Gulf News. The businessman was convicted along with 33 others, including his son, reported Khaleej Times. Who Is Balvinder Singh Sahni The 53-year-old businessman is the founder and chairman of the Raj Sahni Group (RSG) property development firm, which operates in the UAE, the US, India, and other countries. Per media reports, his company's Dubai property portfolio includes the Qasr Sabah's residential buildings in Dubai Sports City, a 24-storey Burj Sabah apartment complex in Jumeirah Village Circle, commercial property in Bay Square, Business Bay and a five-star hotel called Sabah Dubai, among others. A well-connected name in Dubai's elite circle. Sahni is known to be a luxury car collector and often posts his expensive vehicles on social media. He made headlines in 2016 after he purchased car number plate D5 for Dh33 million (about $9 million at the time) for one of his Rolls-Royce cars. Often seen wearing his distinctive royal blue kandura, baseball cap and matching trainers, Sahni has around 3.3 million followers on Instagram. Case Against Sahni The case against Sahni and other defendants was initially filed at the Bur Dubai Police Station in 2024 and was later transferred to the Public Prosecution. Probe against them found extensive financial data and business links both within the UAE and abroad. In its ruling last Friday, Dubai's Fourth Criminal Court convicted Sahni, along with other defendants, of operating a sophisticated money laundering network using shell companies and suspicious financial transactions. The court ordered Sahni to pay a fine of Dh 500,000 and to forfeit assets worth Dh 150 million, believed to be proceeds of the illegal activity. The court also ordered his deportation upon completing the sentence. Reports said some defendants were tried in absentia. Several received lighter penalties, including one-year jail terms and fines of AED 200,000, while three companies were each fined AED 50 million.
The National
04-05-2025
- Business
- The National
Indian businessman to be jailed and deported from UAE for financial crimes
An Indian businessman who flaunted his wealth through snapping up rare number plates worth millions of dirhams at auction is to be deported from the UAE after serving a jail term for money laundering. Balvinder Sing Sahni, who also goes by the name Abu Sabah and who claimed to be a billionaire, was convicted of a string of financial crimes as founder and chairman of property developers, the Raj Sahni Group (RSG). The 53-year-old has been jailed for five years and fined Dh500,000 for money laundering by Dubai's Fourth Criminal Court, Arabic-language dailies Emarat Al Youm and Al Bayan reported. A further Dh150 million of assets have been seized from the billionaire. The company's Dubai property portfolio includes the 24-storey Burj Sabah apartment complex in Jumeirah Village Circle and the Qasr Sabah's residential buildings in Dubai Sports City. RSG also owns commercial property in Bay Square, Business Bay and the five star Sabah Dubai Skyline hotel and residences under construction in Sufouh Gardens. As a luxury car collector who often posted photos of his expensive vehicles on social media, Sahni made headlines in 2016 after purchasing the single-digit 5 Dubai licence plate for Dh33 million, around $9 million at the time. The well connected Sahni was a familiar presence on Dubai's social scene, often seen wearing his distinctive royal blue kandura, baseball cap and matching trainers. His Instagram feed is filled with videos flaunting his wealth to his 3.3 million followers, shopping in luxury stores and posing with lions and chimpanzees in private zoos. A criminal investigation into his business practices opened in late 2024, uncovering a complex network of illicit finance including shell companies and bogus invoices. Sahni will be deported from the UAE on completion of his jail term.
