Around 290 Emirati defaulters have so far been released in Abu Dhabi since the President, His Highness Shaikh Khalifa Bin Zayed Al Nahyan, gave instructions on October 25, 2012 for the immediate release of those who have been jailed or convicted over bounced security cheques to banks or finance companies. The Public Prosecution in Abu Dhabi since that time has taken executive measures to implement the Presidential orders regarding the waiving of criminal protection procedures on security cheques. The Public Prosecution has also shelved all complaints in that respect. The Public Prosecution has also presented a certificate to the beneficiaries to protect them from any future prosecution. The Public Prosecution called on citizens, who have similar cases on courts or sued by banks or finance companies, to report to its offices across the emirate to rectify their status and receive that certificate. An official source at the Public Prosecution stated that the annulment of the criminal protection on security cheques does not negate its power to prove financial rights of these banks and companies. However, he clarified that these cases will be exclusively processed by civil courts, criminal procedures will halted and all detainees will be acquitted. He added that the Presidential Orders don’t consider security cheques issued by individuals which will remain under the criminal protection.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor