Tuesday 30 June 2009

Jail term for issuing bad cheque

An Egyptian businessman has been jailed for three years for issuing a $6.18 million (about Dh22.7 million) cheque which bounced in Dubai, although he claimed that he signed it in Cairo.

The Dubai Court of Misdemeanour found the renowned Egyptian businessman, N.B., guilty of signing a bad cheque. Meanwhile, he still undergoes a second trial for signing another bounced cheque for $1.83 million.

Presiding Judge Omar Ahmad Abdul Baki, who pronounced Monday's judgment, also referred the suspect to the Dubai Civil Court where he faces a civil lawsuit.

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