India, Aug. 30 -- A Dubai Court of Appeal has hiked the fine against Indian businessman Balvinder Singh Sahni to Dirham 150 million - about Rs 360 crore in a money laundering case.

The court upheld the initial ruling, which included a five-year prison sentence, a personal fine of Dh500,000 (Rs. 1.20 crore), and deportation after serving the sentence, reported Khaleej Times.

Involving 33 defendants, the case is considered one of the financial crimes reported in the country.

The businessman was convicted of laundering money as part of an organised criminal group.

He was also convicted of possessing and concealing items believed to be of illegal origin.

Dubai authorities ordered to confiscate Dh150 million in criminal proceeds, along wi...