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Monday, 16 March 2009

Police plea on cheque fraud as Dubai jails fill

Dubai's police chief called yesterday for an easing of regulations on cheque fraud as the emirate's jails fill with people guilty of bouncing cheques, which are still widely used across the Gulf.

Lieutenant General Dhahi Khalfan al-Tamim's call came as the financial crisis plunges rising numbers of residents into unsustainable debt after a lending rampage by "irresponsible" banks.

"We warned them, but banks lent too easily and too broadly," he said on the sidelines of a conference at Dubai police college. "Banks said it wasn't our business . . . but we knew in the end it would come back to us."