Questions & Answers
Recovering an amount lended to investors with security cheques
I had given a cash loan of 1.2 million to a restaurant owner in Dubai for 1 year, on a PDC security.
They served me some profit for almost a year, and when the date of repayment came, he started giving me different dates.
I bounced the cheques and complained in Dubai police, the police have opened a case and put a travel ban on the signing authority.
While running out of the country, the lady who was the signing authority was arrested and sent to the police station and from there to the public prosecution.
They used some links and skipped out of the country although the company and other partners are still in Dubai.
Please advise me what should be done to recover the amount, as the signing authority ran away.
Dear Questioner,
We need to know if the company would be responsible, and need to understand some matters on the issue.
Have there been any signed papers between you?
Please contact us via Whatsapp 0565726262
Mohamed
Stage Legal Consultancies
Please contact us to understand all the details and the liability for this company.
Send any documents related to the email dr.amira@advoamira.ae and if you would like to arrange a meeting, please WhatsApp 00971507851227
Dear Questioner,
Was the cheque issued by the company or by an individual?
However, you can file a civil case against the company or individual to recover the funds.
If you win the case, you can open an execution file against the company or against the individual.
In case you need our assistance, please feel free to contact us at rg@elnaggarlegal.com
Best regards,
Raluca Gatina
