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Bounced cheque

We have all signed documents and cheques.

  • Published: 17:20 January 27, 2012


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  • Image Credit: Supplied

My employer, a leading building company based in Dubai, signed up with an LLC company for 60 days credit worth of business on building material products. Sales were good for the first six months, but between November and December 2011 we suddenly came across a bounced cheque of Dh300,000. Our credit sales person visited the LLC company’s office to claim the money but found it closed. When we investigated we found out that many companies had been duped and the manager who signed the cheques had left the country. We filed a police complaint. We also contacted the sponsor, who is also the sponsor of many other businesses, but he claimed he is not responsible and told us to deal with the manager concerned. Our lawyer advised is to go ahead with legal proceedings and file a claim in absentia but the lost money cannot be recovered from the sponsor since it was a LLC. What do we do to recover our money? We have all signed documents and cheques.

If it is proved that the concerned company, which the questioner’s company dealt with, does not have enough money to settle the cheque value, they shall file criminal charges against the person who signed the cheque and upon issuance of a verdict by the competent court, the questioner may request that the guilty party’s name be included in Interpol’s wanted list.



Questions answered by Advocate Mohammad Ebrahim Al Shaiba of Al Shaiba Advocates and Legal Consultants