Monday, 31 December 2012

Reports about waiver of expatriates debts are baseless

Expatriates currently in jail for defaulting on debts are not being pardoned, a top official said yesterday.
The Presidential orders to help defaulters pertain to Emiratis only, Ahmad Jumaa Al Zaabi, deputy minister of Presidential Affairs told Gulf News. Local reports that said yesterday expatriates are being included in those orders are not true he added. “There is no relaxation or debt waiver for expatriates,” he explained.
Earlier, Al Zaabi said that 332 citizens were released following cases of bounced security cheques. He described these cheques as “swords on the necks of borrowers which lead to prison in the case of defaults regardless of the amount being paid.”

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