Wednesday 25 June 2014

‘Blank cheques can land you in jail’: Dubai Police | GulfNews.com

‘Blank cheques can land you in jail’: Dubai Police | GulfNews.com:



"The long-standing practice of borrowers issuing blank cheques to lenders as guarantee of payment is one of the reasons people end up in prison, Dubai Police said on Tuesday.



“We want to change people’s and companies’ mentality about cheques. Cheques should be used to fulfil monetary transactions and not as a guarantee that a certain amount will be paid,” Colonel Abdullah Khadim Surour, Director of Al Barsha Police Station, said at a press conference on Tuesday.



The warning came as Dubai Police launched a new campaign to raise awareness about bounced cheques and cheques issued in bad faith. The campaign will run for two weeks."



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