Dubai’s dark side targeted by international finance police
source: http://bit.ly/5Gead5
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Fears are intensifying that the emirate has become a global centre for terror funding, money-laundering, drug money and mafia cash
Naresh Kumar Jain, an Indian multimillionaire suspected of being one of the world’s biggest money launderers, ran from the law, but last month it became obvious that he couldn’t hide.
Having skipped bail in Dubai – where much of his vast empire was based – 18 months ago, Jain was finally arrested in Delhi by India’s Narcotic Controls Board for allegedly moving hundreds of millions of dollars for drug dealers. It had taken an international manhunt involving law enforcement agencies spanning three continents to catch him.
Naresh Kumar Jain, an Indian multimillionaire suspected of being one of the world’s biggest money launderers, ran from the law, but last month it became obvious that he couldn’t hide.
Having skipped bail in Dubai – where much of his vast empire was based – 18 months ago, Jain was finally arrested in Delhi by India’s Narcotic Controls Board for allegedly moving hundreds of millions of dollars for drug dealers. It had taken an international manhunt involving law enforcement agencies spanning three continents to catch him.
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