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Businessman held for endorsing dud cheques worth Dhs624m
NADIA SULTAN February 06, 2018
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DUBAI: An Asian businessman who is wanted in cases involving dud cheques totaling Dhs624 million has been arrested at the Dubai International Airport.

The security team of Al Ref’ah Police Sation in Dubai arrested the accused once he reached the airport.

Col. Ahmed Bin Ghalita, Director of the Police Station, said that the suspect’s location remained unknown since more than a month after he had endorsed those cheques against petroleum products that he shipped to his homeland.

He owns a company in the country operating in such trade and previously had deals worth Dhs1 billion with the complainants, which he repaid in time, Bin Ghalita added.

He reportedly left the country during the New Year (2018) vacation after he endorsed those cheques.

He was sure that the banks would remain closed and those companies would have to wait until the vacation ended. The cheques bounced as the suspect’s balance was insufficient.

The companies managed to reach him on phone after several attempts. But he informed them that he would not pay the money and would not return to the UAE. The companies accordingly filed complaints against the suspect and enclosed the cheques with the Al Ref’ah Police Station.

Based on the complaints, a circular was immediately distributed to all ports and police stations nationwide.

Bin Ghalita pointed out that a competent security team made a great effort to trace the defendant.

They knew that he owned a company operating trade of petroleum products in the country and another in his homeland. He disappeared completely since early January. Also they knew that he entered the country several times surreptitiously and was leaving on the same day of entry. This was before the lodging of the complaints against him, Bin Ghalita added.

The team remained vigilant tracing the suspect round the clock until they got information that he would visit the country late on one flight to Dubai. He was arrested once he got off the plane.

He confessed to endorsing the dud cheques. Accordingly, he was referred to the Public Prosecution, where he said that he recently stumbled in his trade, which prompted him to refrain from paying the cheques.

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