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UAE's bounced cheque law explained. What are the consequences of a cheque bouncing? GNTV speaks to lawyer Hassan Arab on how the UAE courts view bounced cheque suspects. See more at: http://gulfnews.com/gntv
Transcript
00:00There are different reasons for the bonds check, but as per the UAE law, any bonds check,
00:20when the check returns means it's a crime.
00:25Most of the judges, the normal practice here is that they will not go behind the reason for issuing the check.
00:31Once it returns, it's a crime actually.
00:35Whether it was a guarantee check or it was for any reason, the court will not go behind the reason for issuing the check.
00:43As I said, there are different reasons for this sort of crimes.
00:49The main important point in my opinion is that the banks should have more control on selecting their customers who should have the checks and deal with the checks.
01:10The final point I would like to mention here is that as per the Penal Code Article 401, the punishment for the bonds check is either a fine of a minimum of 1000 dirhams or a jail between one month and three years.
01:25It depends on the judge based on certain issues such as the check amount.

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