Wednesday, February 13, 2013

Safi Qurashi cleared of bouncing $2.7m cheque


Safi Qurashi, the UK businessman who spent nearly three years in a Dubai jail, has been cleared by a civil court for bouncing a cheque for AED10m (US$2.7m).

The property developer, who went on hunger strike for seven weeks last year before being released from jail, used the verdict to call on UAE authorities to amend regulations regarding bounced cheques.

“A lot of heartache and pain could have been avoided if only the criminal court took the responsibility of saying that a bounced cheque does not necessarily mean someone has committed fraud,” he told Arabian Business.

Read more: http://www.arabianbusiness.com/dubai-s-safi-qurashi-cleared-of-bouncing-2-7m-cheque-489328.html

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