Questions & Answers
Is it safe to accept post-dated cheques to drop a fraud cheque case
Hi,
I invested AED 75,000 with a company that intended a takeover of CCTV installation, and the company is located in DAFZA with 4 partners.
They made me sign an internal contract which wasn't signed by all the partners and I never got a copy of the same signed by all 4 partners.
I kept chasing them for the same as well as for MOA from DAFZA and name change on Trade Licence but got only excuses.
Finally, after 3 months of chasing them, they informed me that they don't intend to take over the company and wanted to divert my funds elsewhere.
I refused and asked for a refund. They gave me a fraud cheque that got bounced due to the unauthorized signatory. I filed a police complaint, after which the authorized signatory was summoned by police.
Later the signatory contacted me and wanted to settle it in 4 PDCs across 3 months but on a condition that I return him the fraud cheque which is the only proof I have proving his fraud intentions.
Kindly advise if his demand for the return of fraud cheque is valid?
Dear Questioner,
I see from your question that you have trusted people who neither respect their words nor are they trustworthy enough to let your question answer itself.
You should not trust anybody who did exercise an act of fraud against you before. It should be very clear. You should only withdraw your complaint if you get your payment in full.
Additionally, I advise you to file a civil claim in line with the criminal complaint to claim the funds related to the bounced check against the person who issued the check.
If you need further assistance to recover your funds, please get in touch with me through ae@elnaggarlegal.com
Regards,
Ahmed Elnaggar
