Dutch businessman, charged with money laundering related to drug trafficking, and a banker accused of helping him, are to stand trial at Dubai’s Court

Dutch businessman, charged with money laundering related to drug trafficking, and a banker accused of helping him, are to stand trial at Dubai’s Court of First Instance. The man, identified only by his initials AK, was charged with laundering dhs60 million through bank accounts in the UAE, according to the Head of Dubai Public Prosecution, Attorney General Issam Al-Humaidan.The Arabic female banker, MA, was accused of receiving commission to facilitate the transactions. The businessman, who owns two Dubai-registered companies, has admitted laundering money he took from Asian nationals and channeled to other accounts in exchange for a commission. The woman said she was unaware of his activities, and denied receiving any kickback.
The man is suspected by Police of being in a gang plotting to smuggle cocaine from Latin America to the Netherlands under the guise of trading in fruit.
Police arrested the suspect and searched his accommodation after a major investigation by Dubai’s Criminal Investigation Department. “Fighting the money laundering situation in the country is our priority and we are cooperating with other countries to investigate such cases,” Al-Humaidan said.

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Daniel Bailey has been told to pay up £194,370 by a court. If he fails to hand over the money within six months, he will face a three-year jail term.

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