Court obligates man to return Dhs50,000 he took from other person on pretext of investment

Abdulrahman Saeed, Staff Reporter

Al Ain Court of First Instance obligated a person to return Dhs50,000 to another person, and also fined him Dhs5,000 after he took the amount from the latter under the pretext of investing it and promised to return it with a percentage of profit, but he did not fulfill his obligation.

The details of the case date back to an earlier time when a person filed a lawsuit against another, requesting that he be obliged to pay him Dhs50,000 besides a  compensation of Dhs30,000 for the damages he incurred and 12% interest from the date of the lawsuit until full payment, besides the fees and expenses of the lawsuit.

The appellant said in his lawsuit that the appellee took Dhs50,000 from him, under the pretext of investing it and promised to return it with a percentage of profit, but he did not do that.

He submitted a copy of a bank statement, a copy of a bank transfer and a WhatsApp conversation between him and the appellee.

After communicating with the appellee, he admitted that he had already taken the amount and said he was ready to repay it, but after four months.

Regarding the request for compensation of Dhs30,000, the court stated that the appellee’s mistake was proved, which caused damage to the plaintiff, and then it  estimated the compensation at Dhs5,000 for all damages incurred by the plaintiff.