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Sun 12 Jul 2009 10:49 PM

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Abu Dhabi launches financial crimes agency

Agency to oversee prosecution of money laundering, bribery, embezzlement cases.

The Abu Dhabi Government on Sunday confirmed the setting-up of a new agency tasked with investigating and prosecuting cases involving financial crime - Abu Dhabi Finance Public Prosecution being housed within the Abu Dhabi Judicial Department (ADJD).Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Judicial Department, ordered the establishment of the new office, which will fall under the Abu Dhabi Public Prosecution.

The new agency will focus on cases involving bribery, money laundering, abuse of power, embezzlement and the misuse of funds in the emirate.

"The new body reflects the five-year strategy of ADJD in developing the judicial system by creating new courts and new specialised prosecution bodies in Abu Dhabi.

''The body specialises in investigating financial crimes and referring pertaining cases to relevant courts in accordance with the laws concerning public fund-related crimes, such as breaches of trust and abuse of public office," Yousef Al Ebri, acting Abu Dhabi Attorney General, said, according to news agency WAM.

Al Ibri stressed that when it came to the prosecution of financial fraud cases, no official would be above the law.

"The Finance Public Prosecution addresses all forms of corruption, bribery, abuse of office and there is no immunity for any official who abuses their position for illegal benefits," he emphasized.

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