Thursday, 10 July 2014

Debt trap in UAE: To repay or to run away? | GulfNews.com

Debt trap in UAE: To repay or to run away? | GulfNews.com:



"If you are steeped in debt and are thinking of fleeing the UAE, think again.



As simplistic as it may seem, the long arm of the law can catch up with you sooner than later.



A jobless Indian expat who fled to his homeland after borrowing Dh150,000 from a local bank learnt this the hard way when he was arrested recently in a third country – Qatar. The bank had filed a case against him, following which Qatar courts summoned him and he was sent back to the UAE where the law took its own course."



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