Businessman faces second dud cheque charge

An Egyptian businessman, who was jailed for three years for passing a bad cheque for $6.2 million (Dh22.7m), has been accused of a second similar offence.

In the new case, NB has been charged with issuing a dud cheque for $1.3m to another Egyptian, Wajdi Karara, the victim in the first case. Karara complained to Dubai Police and the allegation was referred to the Public Prosecution.

The new case was adjourned until July 21 by the Dubai Court of Misdemeanour under Presiding Judge Ibrahim Khalil Abu Shama.

The Egyptian Criminal Court recently sentenced NB to 15 years, fined him Egyptian pounds 10 million (Dh6.56m) and ordered him to return funds he obtained through his money exchange company Optima Global Holdings. He has to return Egyptian pounds 58.4 million, $439,000, €3,000 (Dh15,390) and £100,000 to their owners. Legal sources say NB could remain in jail for 20 years unless he reaches settlements with the victims.

Meanwhile, Dubai Police are refusing to hand over NB to the Egyptian authorities before he completes his sentence here.

 

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