Indian-origin billionaire businessman Balvinder Singh Sahni, also known as 'Abu Sabah', has been sentenced to five years in prison in the UAE for his involvement in money laundering AED 150 million with an organised criminal group.
Sahni was arrested along with 32 others, including his son, and was then found guilty of laundering massive sums of money through shell companies and sophisticated methods to conceal their tracks.
According to Gulf News, a Dubai court ordered the confiscation of AED 150 million from the businessman and levied a AED 500,000 penalty. He is set to be deported once his sentence is complete.
Sahni, a known face in Dubai's elite circles, was notorious for his extravagant gestures, such as buying the most expensive phone number in Kuwait for BD60,000 and famously holding a Dubai license plate with only the number 5.