Wednesday 25 July 2012

UAE: debt charges hard to shake | beyondbrics

When British businessman Safi Qurashi walked from jail in Dubai on Tuesday, he thought his family’s long campaign for his release was complete.

The 43-year-old real estate developer, jailed for seven years for bounced postdated cheques, had been released after a judicial review of his case prompted by a seven-week hunger strike.

After the judges at Dubai’s highest court on Monday found him innocent of two of three bounced cheque cases, he was duly released the next day – only to be immediately rearrested on a warrant for another bounced cheque case related to a plot he had bought from Dubai Waterfront. Nakheel, the government owned developer behind the shelved project, had opened a case for bounced postdated security cheques underwriting the deal, a criminal offence in the United Arab Emirates.

No comments:

Post a Comment