Dubai Court Sentences Indian Billionaire Balwinder Singh Sahni to 5 Years in Prison for Money Laundering

Chandigarh (The Uttam Hindu): A Dubai court has found Indian billionaire Balwinder Singh Sahni guilty of money laundering and sentenced him to 5 years in prison. Additionally, he has been ordered to forfeit 150 million dirhams (approximately ₹344 crore) and pay a fine of 5 lakh dirhams (approximately ₹1.14 crore). After completing his sentence, Sahni will be deported from the country.

Money Laundering Scheme

Sahni, in collaboration with a criminal gang, was involved in money laundering through shell companies. They set up fake companies and misappropriated approximately 150 million dirhams (about ₹344 crore). The investigation revealed several suspicious financial transactions, leading to Sahni's conviction for running a money laundering network.

Conviction and Sentencing

The court not only sentenced Sahni but also confiscated all his funds and electronic devices. Along with Sahni, his son and 32 other accused have also been sentenced. Some of the accused were tried in their absence, while others received lighter sentences, including one year in prison and a fine of 200,000 AED. Three companies involved in the case have been fined 50 million dirhams.

About Balwinder Singh Sahni

Balwinder Singh Sahni, also known as 'Abu Saba' in Dubai, is an Indian national with businesses spread across several countries, including the UAE, the US and India. He is the chairman of RSG Group, a property management firm providing services globally. Sahni's wealth is estimated to be around $2 billion and he is known for his lavish lifestyle, often featuring in the news for his expensive tastes.

Sahni's affinity for luxury is evident in his collection, including a black Bugatti car and his purchase of the 'D5' number plate for 33 million dirhams (₹75 crore) in 2016.