New Delhi, May 7 -- Dubai-based Indian-origin billionaire Balvinder Singh Sahni has been sentenced to five years in jail for money laundering. According to Gulf News, a Dubai court last week ordered confiscation of 150 million AED (Rs.344 crore) from the businessman, who is widely known as 'Abu Sabah'. Sahni, a fixture in Dubai's elite circles, has been convicted of laundering 150 million dirham through a network of shell companies and forged invoices. Dubai's Fourth Criminal Court has imposed a fine of 5,00,000 AED and sentenced him to five years in prison. The court has also ordered that Sahni be deported after the completion of his prison sentence. Sahni's son was among the 32 other people convicted alongside him, reported Khaleej Times. Having roots in Punjab, Balvinder Singh Sahni was known for his extravagant displays of wealth. The property developer once paid $9 million for a coveted licence plate for one of his Rolls Royce cars. The case against Sahni, chairman of RSG Group, was initially filed at the Bur Dubai police station in 2024. It was transferred to the public prosecution on December 18 that year. The first court session took place on January 9, 2025, where prosecutors laid out evidence of a sophisticated laundering operation. htc...