x Abu Dhabi, UAETuesday 25 July 2017

Advice for expatriates in debt

The Indian Consulate in Dubai is offering expatriates who are in debt an opportunity for financial guidance.

DUBAI // The Indian Consulate in Dubai is offering expatriates who are in debt an opportunity for financial guidance. Sanjay Verma, the consul general, in yesterday's national speech said indebted Indians would be able to discuss their problems and seek the advice of a panel of experts at a financial open house on Friday. "We are not able to pay anything for such personal financial problems but we can certainly arrange for guidance from a team of experts," said Mr Verma. "They will assess the problems faced and provide possible solutions."

The panel would include managers from the Indian Institute of Management, lawyers, trade professionals and psychologists, he said. The move comes after reports that the economic crisis led to several Indians in the UAE facing imprisonment for not keeping up with their debts. Vayalar Ravi, the Indian minister for overseas affairs, said last week there were 1,361 Indians in UAE cells. Many were being held for financial crimes such as bounced cheques.


pmenon@thenational.ae