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.
اختلاس المنقولات المرهونة ضمانًا لدين #الامارات #الامارات_العربية_المتحدة #النيابة_العامة #النيابة_العامة_الاتحادية pic.twitter.com/QwOvCgRs10
— النيابة العامة (@UAE_PP) February 2, 2022
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