Num­ber plate buyer ar­rested for fraud

7 Days in Dubai - - NEWS -

The man who out­bid the com­pe­ti­tion to land the Abu Dhabi 1 num­ber plate for Dhs31 mil­lion has been ar­rested for is­su­ing a bounced cheque. Abu Dhabi Pub­lic Prose­cu­tion said it had or­dered for the de­ten­tion of AM, 32, for seven days, after auction or­gan­is­ers filed a com­plaint that he is­sued them a cheque, but didn’t have enough money in his bank to cover the whop­ping fee. Pros­e­cu­tors said the UAE na­tional has been de­tained on be­half of Abu Dhabi Pub­lic Funds while they in­ves­ti­gate him on ini­tial charges of fraud and is­su­ing a bounced cheque. Pros­e­cu­tors said that dur­ing ques­tion­ing, AM ad­mit­ted to hand­ing over the cheque know­ing that he didn’t have the funds in the bank to clear the cheque. “He said he was plan­ning to sell on the rare num­ber plate at a profit so he can pay the value of the cheque to the or­gan­is­ers,” said a pros­e­cu­tor. How­ever, au­thor­i­ties said a per­son can only re-sell a num­ber plate bought in an auction after they have paid the full amount and that any re­sale be­fore mak­ing the pay­ment is con­sid­ered il­le­gal. The auction on Novem­ber 19 at Emi­rates Palace gen­er­ated Dhs99 mil­lion.

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