Businessman sues bank, seeks Dhs60m in compensation - GulfToday

Businessman sues bank, seeks Dhs60m in compensation

  • 18 Jun 2019
Crime-Court-750

Picture used for illustrative purpose only.

A UAE businessman has sued a local bank demanding Dhs60 million in compensation for financial loss and the psychological stress he has incurred due to bank's negligence.

According to the Emirati he issued a cheque of Dhs10 million for the payment of a plot of land but the bank failed to honour the cheque.

The bank allegedly claim the signature on the cheque does not match the one on the account in the bank's system.

The seller of the land filed a criminal case against the buyer for paying him with a dud cheque.

The case was dismissed by the court because investigations carried out revealed the signature on the cheque matched the one in the account.

The Abu Dhabi Civil Court of First Instance and the Appeal Court ordered the bank to pay the man Dhs500,000 for losses and damages.

 

                                   

Related articles

Electrician gets 6-month jail for groping five-year-old

The 33-year-old Indian inappropriately touched and filmed the boy in his family villa.

12 Sep 2019

‘Fraudulent’ businessmen win judicial pardon

A businessman and his compatriot colleague who forged paperwork to swindle three cameras have won a judicial pardon at the Dubai Appeals Court

15 Sep 2019

Two kids suffocate to death, maid faces negligence charges

A maid is facing charges at a court In Fujairah for neglecting the children in her care, which led to them dying of suffocation.

27 Aug 2019

Jilted lover threatens ex-partner with indecent photos

A 23-year old worker is facing charges at the Dubai Court of First Instance for blackmaling his ex-partner with indecent photos and videos.

29 Aug 2019

Other Articles

Russian radio stations hacked, play fake Putin message of Kyiv invasion

Several Russian radio stations were hacked and played a fake President Vladimir Putin speech announcing an invasion from Kyiv's troops and emergency measures in three regions bordering Ukraine.

8 minutes ago

UAE committed to preserve environment and ensure a sustainable future for all, says Sheikh Mohamed Bin Zayed

Sheikh Mohamed Bin Zayed said on Twitter, “On World Environment Day, the importance of collective efforts to address the challenges of climate change remains as critical as ever."

22 minutes ago

This road in Abu Dhabi has set a new speed limit effective June 7

The police did not specify the new speed limit on the road, but the current speed barrier on the Al Reem Island to Sheikh Zayed Road stands at 100kmph.

an hour ago

Free bike rides for the public in Dubai on World Environment Day

RTA in partnership with Careem, announced the offering of Careem BIKE rides free of charge for customers at 186 docking stations across Dubai for an unlimited number of trips, provided the single trip does not exceed 45 minutes.

an hour ago