Bolle Jos’ Banker Nabbed in Dubai

banker Muhammad A., popularly known as “Saad de Paak,” has reportedly been arrested in Dubai. Law enforcement agencies have identified him as a key figure behind the financial operations of major criminals, including Dutch drug kingpin Jos Leijdekkers, alias Bolle Jos, and Ridouan Taghi.The arrest was revealed following an investigation by Dutch media outlets AD and Follow the Money.According to the investigation, Saad allegedly played a central role in laundering drug money for criminal organisations. Thanas B., who has also been linked to drug-money collection, reportedly received instructions from Saad.Professional Money LaunderersIt is unclear how much Saad earned from his alleged money-laundering activities. However, Europol has reported that professional money launderers typically receive between five and twenty percent of the money they move as commission. Sources told the AD that Saad allegedly earned a similar percentage.Muhammad A.’s background remains largely unknown. Apart from his reported year of birth, 1980, little information is publicly available about him. Records indicate that he previously worked for Malik Exchange, a money exchange company based in Abu Dhabi.Malik Exchange lost its licence in August 2025 after the Central Bank of the United Arab Emirates revoked it over alleged failures to comply with anti-money-laundering regulations.The investigation also linked the company to inquiries involving alleged money laundering and efforts to circumvent sanctions against Iran.Police sources reportedly told the AD that Saad de Paak owned the exchange company, although the investigation found no publicly available evidence to support this claim.Millions in Dubai Real EstateInvestigators also discovered that Saad allegedly owns an extensive real estate portfolio in Dubai.According to rental and ownership documents obtained during the investigation, he owns at least 34 houses or apartments in the emirate. The properties reportedly generate several million euros in annual rental income and allegedly connect him to prominent figures in the Dutch criminal underworld.One rental agreement reportedly shows that Zouhair B., known as “Beertje,” rented a property from Saad. Zouhair B. was arrested in November 2022 and had previously been identified by Europol as a priority target linked to the alleged super cartel associated with Ridouan Taghi and Raffaele Imperiale.Follow the Money and the AD reportedly made several attempts to contact Saad de Paak but were unsuccessful.