Text size:

  • Small
  • Normal
  • Large

Tycoon denies cheques charge

The Egyptian businessman Nabil al Boushi denies writing a bad cheque for US$6.1m in Dubai.

DUBAI// An Egyptian tycoon pleaded not guilty yesterday to issuing a bad cheque for US$6.1million (Dh22.5m), claiming that he wrote it in Cairo and not in Dubai. Nabil al Boushi has been detained at Muragabat police station since his arrest last month. He is also accused of writing another bad cheque for US$1.8m. Prosecutors in Egypt are investigating allegations that Mr al Boushi accepted millions of dollars from Egyptian depositors under the pretext of investing the funds, the Egyptian press reported in early February. He is alleged to have transferred US$13m from his Egypt-based company to Dubai to pay back plaintiffs in Dubai to whom he is accused of issuing bad cheques. One case has already been settled out of court. Last month, the Dubai Attorney General, Issam al Humaidan, referred Mr al Boushi to the Dubai Misdemeanours Court on charges of issuing dud cheques with bad intent. The Dubai Advocate General, Khalifa bin Deemas, said the alleged victim in the case, an Egyptian national named Ibrahim Karar, filed a complaint against Mr al Boushi at Bur Dubai police station. He claimed Mr al Boushi gave him the cheques in December 2007 at his home in Jumeirah as a guarantee for investments. hbathish@thenational.ae

Back to the top

More articles


Editor's Picks

 Lionel Richie performed many of his hits from the 1970s and 1980s at the Dubai Media City Amphitheatre. Jaime Puebla / The National

Lionel Richie dishes out the hits to Dubai crowd

At his Dubai concert on Thursday, Richie greeted the audience with “Yalla habibi” – a statement of intent as his energy rarely let up.

Tyrese reunited with Fazza

Tyrese today posted on his social media accounts (Twitter, Instagram and Facebook) his pleasure at being reunited with the Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

 Falconry is an activity where they demonstrate how falcons catch prey while flying at a speed of almost 360 kilometres per hour. Mona Al-Marzooqi / The National

In pictures: Adventure in the desert at Abu Dhabi's Qasr Al Sarab

Mohammad Ashfaq, an adventure guide at the Qasr Al Sarab resort, Abu Dhabi, showcases a day in his working life.

 Roberto Martinez is daring Everton to dream. Paul Ellis / AFP

Martinez v Moyes is a clash of purist v puritan

Roberto Martinez’s positivity made him the perfect choice in 2013 to manage Everton and to build on the solid foundations David Moyes had left.

Video: Local reactions to a national fishing ban

A federal fishing ban has been imposed by the UAE federal government, but local authorities are taking diiferent approaches to implementing the ban. Two fishermen tell two very different sides of the story. Produced by Paul O'Driscoll

 An Egyptian Orthodox Christian priest give communion during the Palm Sunday service inCairo, Egypt. Mohamed El-Shahed / AFP

Region in focus - April 18, 2014

The best images of the last seven days from around the Gulf and across the Middle East.

Events

To add your event to The National listings, click here

Get the most from The National