A Businessman Was Lured Back Into The UAE With A Clever Plot And Arrested For AED624 MILL In Bounced Cheques

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It seems like arrests in Dubai only seem to get odder and odder by the minute. 

An Indian businessman was lured back into the country by a clever plot of a quick money deal after he had fled on fraud charges in bounced cheques. He was arrested as soon as he reached the Dubai International Airport. 

Owing almost AED624 million, the businessman wrote up several cheques knowing they would bounce back. 

via GIPHY

The suspect left to India before the New Year, but continued hiding for a month after his cheques bounced. 

The businessman owns a UAE-based company that specialises in petroleum products – he had bought some products using the bad cheques from three major companies in Dubai and shipped them back to India. 

He was prosecuted and charged with fraud

In the past, the businessman had done AED1 billion in successful transactions with the companies and then issued three new cheques worth AED624 million.

According to police, the suspect confessed to officers that he knew the cheques wouldn’t go through as his business wasn’t doing well. 

He was later referred to Dubai Public Prosecution and was charged with fraud.

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