UAE Public Prosecution Warns of Heavy Penalties for Embezzling Movable Properties

UAE Public Prosecution Warns of Heavy Penalties for Embezzling Movable Properties

AuthorStaff WriterJul 14, 2023, 1:41 PM

The Public Prosecution in the United Arab Emirates has detailed the penalties that will be imposed on people who embezzle or attempt to embezzle a movable asset that has been pledged as a security for a debt.

The offender will be sentenced to up to two years in prison and fined at least 20,000 AED under Article 455 of Federal Decree-Law No. 31/2021.

If some of the movable goods that are subject to a judicial or administrative confiscation order are embezzled, the owner entrusted to protect them will face the same consequences.

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