Consequences of a bounced security cheque issued to bail a friend

My husband wrote a guarantee cheque for a friend who was in jail. He had a reputable business and my husband assumed upon his release his friend would be able to access his frozen account and make repayments.

The so-called friend ran away and left my husband with a bounced cheque of AED 1048000. There is a big case against his ex-friend from many he has defrauded, it has been in the newspapers and affected many innocent people.

The cheque has obviously bounced and a case has been filed with the police. We never took a penny of this money and have all our statements to prove this.

Unfortunately, the payee doesn't care and wants money regardless, even though he knows the culprit has run away.

1. What is the process?

2. What are our options?

3. Could we get away with a fine?

4. If we present all the people who have been defrauded by this ex-friend to the court and our bank statements as proof, do we have a chance?

5. Will he go to jail and what kind of sentence is likely?