{
  "id": 17811869,
  "title": "UAE court acquits Asian broker in Dh10.5m sugar fraud case",
  "url": "https://urgent.news/2026/11/02/uae-court-acquits-asian-broker-in-dh10-5m-sugar-fraud-case",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T14:34:13.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/uae/ras-al-khaimah/uae-court-acquits-asian-broker-in-dh105m-sugar-fraud-case-1.500732850"
  },
  "original_language": "en",
  "account": "A 51-year-old Asian broker has been acquitted by a Ras Al Khaimah court in a fraud case involving a Dh10.5 million sugar scam. The court found insufficient evidence to prove he knew about or intentionally participated in the fraudulent scheme. The case centered on two transactions: a purchase of refined white sugar and a financing deal for a standby letter of credit (SBLC). The European businessman accused of defrauding the buyer was sentenced to one year in prison and deported, while his company was fined Dh500,000. The Asian broker was successfully defended by Hanan Salem Al Shimili, who argued he acted solely as a commercial broker, introducing the buyer to the seller without involvement in contracts, payments, or executing the transactions.",
  "summary": "Ras Al Khaimah: A 51-year-old Asian man has been acquitted by a Ras Al Khaimah court of fraud charges linked to a Dh10.5 million scam involving a fake sugar shipment and a fictitious bank financing deal. The court ruled that there was insufficient evidence to prove he knew about the alleged fraud or deliberately helped carry it out. His lawyer successfully argued that he had acted only as a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}