A Dubai court has sentenced AbdulRahman Bashar, owner of Rahamaniyya Group and Ultimate Oil & Gas, to one year in prison for financial fraud involving a compny, CI Energy Company. Court documents reveal that on January 30, 2025, Bashar, 48, was convicted for issuing seven dishonored cheques worth 126.45 million dirhams ($34.4 million) to CI Energy Company, drawn from an Emirates Islamic Bank account, were returned unpaid due to signature discrepancies. Prosecutors accused him of deliberately issuing the cheques in a manner that prevented cashing. Bashar did not appear for…
Read MoreRahamaniyya Oil boss, AbdulRahman Bashar, jailed in Dubai for financial fraud
