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290 cheque defaulters go free after new order.

About 290 Emirati defaulters have won freedom so far in Abu Dhabi following a Presidential order last month for the release of those jailed or convicted over bounced security cheques to banks or finance firms, a report said.

The Public Prosecution in Abu Dhabi has taken steps to implement the directive waiving the criminal procedures on security cheques, said the Gulf News report.

The order was issued by the President, HH Shaikh Khalifa Bin Zayed Al Nahyan, on October 25.

Public Prosecution has also issued a certificate to the beneficiaries to protect them from any future prosecution, it said.

It called on citizens, who have similar cases in courts or are being sued by banks or finance companies, to report it to its offices across the emirate to rectify their status and receive the certificate.

An official source said the annulment of the criminal procedure does not negate its right to take legal action on financial rights of these banks and companies, the report said. These cases will be processed by civil courts.

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Publication:TradeArabia (Manama, Bahrain)
Date:Nov 11, 2012
Words:195
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