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Posted On: 18 November 2009 12:08 pm
Updated On: 12 November 2020 02:10 pm

Man accused of defrauding banks

Paper Boy
Paper Boy
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The Court of First Instance heard a case against a citizen accused of defrauding banks and financial institutions of QR900m after making major tenders and contracts in favour of many parties with giant projects in Qatar. The suit was filed against the accused by a major foreign bank, individuals and multi-business firms, for failure to repay the debt, accumulated credits, and bank interests. The accused man’s lawyer said that competent authorities arrested him in an Arab state, denying that he had escaped. Many procedures are going on currently to settle the disputes with the concerned parties and restore the money to minimising the number of lawsuits proceeded against him.