Questions & Answers
Expected penalty in a case of cheque bounce
I have issued a cheque that bounced with the amount of AED 247,976.00 on October 30, 2017, but I have paid AED 90,000, and now I have a balance of AED 157,976.00.
This is the purchase payment of goods, and after reducing defective products amount, the final balance is AED 130,716.00 (I got the signature of the holder and confirmation of final balance).
In this case, will I be fined according to the new regulations between AED 100,000 and AED 200,000?
B/regards
Emilio Chu
Dear Emilio Chu,
The Regulation of a bounced cheque under AED 200,000 applies to the Emirate of Dubai. Please confirm if this case has arisen in Dubai.
You will need to give evidence before the Criminal Court for the previous payment of AED 90,000 and there may be a fine levied on you.
However, this will depend on the evidence submitted by you and how the Court evaluates the same.
Can you please share the case details and correspondences in relation to the matter so that it will enable me to assist you further.
You can email on hari.wadhwana@gmail.com or contact on 052-9495731.
Regards,
Hari Wadhwana
