Q: My friend has given me money to hold onto while he goes back to his country. Could I be in danger of holding the money for him until he comes back? A: You will be in danger ONLY if you spend it, lose it. Nothing is mentioned in the law to punish individuals for keeping their friends' money…

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The risk of holding cash money as a favor for a friend

My friend has given me money to hold onto while he goes back to his country. He said he would be back to collect.

Could I be in danger of holding the money for him until he comes back?

Maryam Hayyaz & Wejdan Bushahab Advocates

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27 Jan 2020, 09:56

Dear questioner,

No. Why should you be responsible if you are only just holding someone's money?

Kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.

27 Jan 2020, 09:58

I cannot get into trouble for holding money for someone else even if its a big amount of cash?

27 Jan 2020, 15:44

If the money is legal, then no need to worry.

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Elnaggar & Partners

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27 Jan 2020, 10:29

Dear Questioner,

Yes, you will be in danger ONLY if you spend it, lose it or escape away with it.

Otherwise, nothing is mentioned in the law to punish individuals for keeping their friends' money.

Thank you.

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