Bounced cheque cases on the rise in Qatar; about 100 court cases registered per day
There has been a significant rise in the number of bounced cheque cases in Qatar. About 100 cases are heard at courts in a day, according to a report by The Peninsula.
The reason for this unlawful practice has been attributed to the lack of experience that people in doing business. In an attempt to make a hasty deal with partners, individuals or companies issue cheques without ensuring they have enough funds in their account.
Moreover, many people are unaware of the legal implications of issuing a bounced cheque. According to the Law No. 11 of 2004, “issuing a cheque that is dishonoured by the bank due to insufficient balance in the issuer’s account is a criminal offence”.[boxify cols_use =”1″ cols =”2″ position =”right” order =”none” box_spacing =”10″ padding =”10″ background_color =”#3c3c3c” border_style =”solid” ].Cases concerning bounced cheques can be reported to the Capital Security Department, located along the Al Matar Street, near the B-ring Road. Click here to view map[/boxify]
Violators of the law are required to serve a jail sentence ranging from three months to three years, or are fined QR3,000-QR10,000, or both, depending on the crime.
Read the full report here.