Avante Limited and its director Khaldoon Bushnaq penalized Dh118,500 for obstructing investigations and providing false information Authorities in Abu Dhabi have imposed a significant fine on both a company and its director after uncovering serious violations including falsification of documents and obstruction of investigations. Avante Limited, an entity registered in the Abu Dhabi Global Market (ADGM), was hit with a Dh58,700 fine, while its director, Khaldoon Bushnaq, received an additional penalty of Dh59,800, totaling Dh118,500 for their roles in the misconduct. The case arose from a falsified document submitted by Avante to a UAE-based bank, which included a counterfeit stamp … Continue reading Abu Dhabi Company and Director Fined Over Document Falsification and Concealment