Abu Dhabi: The Public Prosecution in Abu Dhabi has sent an Emirati businessman to seven days custody after his Dh31 million cheque bounced.
The man paid by cheque after successfully bidding for car plate number 1 in an auction held in Abu Dhabi on November 19.
The businessman A.A.M. was charged with fraud after he wrote the check without sufficient balance in his account for the Vanity Number Plate Auction, a statement from the prosecution said.
He admitted to the prosecutors that he had insufficient funds when he issued the Dh31 million cheque for the plate number, claiming that he was planning to sell the number for a higher sum and to pay Dh31 million from the proceeds.
The public prosecution accused him duping the vehicle number plate auction organiser Emirates Auction, by registering for the auction, and issuing a cheque knowing that he did not have sufficient funds. More info
By Asma Samir, Special To Gulf News