The court maintained the original decision, which called for deportation upon completion of the sentence, a personal fine of Dh500,000, and a five-year prison term. 33 defendants are involved in the well-known case, which has been called one of the biggest financial criminal cases the nation has ever heard.
According to investigators, Sahni and others set up a network of shell corporations and carried out dubious transactions to transfer illegal money both inside and beyond the United Arab Emirates. They were found guilty of having and hiding goods thought to be of illicit origin, as well as money laundering as members of an organized crime syndicate.
Sahni was previously sentenced by the Criminal Court along with thirty-two other people, including his son. While several individuals received reduced fines and one-year jail terms, eleven were found guilty in absentia and given five-year penalties.
A number of defendants appealed, arguing that the case was about unlawful cryptocurrency trading rather than money laundering and casting doubt on the validity of their detention. The appellate court changed the ruling but dismissed the majority of the pleas after considering the grounds. It decided that the other penalties would not alter, but that each defendant would now be responsible for paying the Dh150 million fine.
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