Emirates investigate money laundering net

A well-informed source said yesterday that the UAE doubts that the drug trafficking net it discovered last month could have organized money laundering operations in the Gulf countries.

An official said that the UAE is carrying out investigations concerning money laundering operations, "We should carry out cleansing operations as our integrity is being damaged at a time while we embark on colossal investment projects for the future."

The sources mentioned that the federal authorities in the UAE suspect the involvement of some members of prominent families in UAE in the money laundering operation.

The value of drugs found in those operations is estimated at 25 million dollars.