Monday, May 28, 2018

Nov 07 17, 1:09 pm

Here’s why this PH province is dubbed as ‘the next Dubai’

A number of exploration studies, including a research conducted by American Oil Engineers in cooperation with Haribon Foundation, believe that a huge natural gas reserve in Maguindanao can rake in as much as US$1 trillion or roughly around Php52 trillion. Maguindanao...

OFW sustains burns in face, body after hot asphalt accident in Saudi

An overseas Filipino worker (OFW) in Saudi Arabia sustained injuries in a workplace accident involving hot asphalt. Consul General Edgar Badajos identified the victim as 43-year-old Rudy Papilosa from Masbate City who works as a truck driver in Saudi Arabia. Papilosa...

New batch of repatriated OFWs from Kuwait arrives in PH

A second batch of overseas FIlipino workers (OFWs) from Kuwait has arrived in the country on Sunday, April 27. The Department of Foreign Affairs welcomed 22 OFWs who were part of more than 600 workers who sought refuge at the Philippine Embassy in the Gulf state. DFA...

Tale of devious loan dodger in the UAE who was nabbed in his home country

by | EDITOR’S CHOICE

Taking a loan from a bank in the UAE and then decamping to another country are tricks that a few residents have tried over the past several years. Little do they realize that the proverbial long arm of the law can reach them even beyond this country’s borders.

Bassam (name changed), an Asian expat in the UAE before, discovered this the hard way. For several years, Bassam moved from one job to another, unable to prove himself in any one of them.

His final job in the country was at a luxury hotel in a neighbouring municipality. While working there, Bassam leased a studio flat and lived there.

One summer after returning from a vacation in his home country, Bassam had a plan. He wanted to go back to his own country, but he needed to make money quickly. So, he applied for a bank loan. Once it was given to him, he remitted a big portion of the loan money to his bank account in his own country. Bassam thought to himself, “This time, I’ll return to my home country to settle there for good. I’ll not delay this for more than a month.”

Within the next month, he sold the furniture in his flat, withdrew the remaining amount of his loan money from his UAE account, and – one fine day – he left this country. On the day he flew out, Bassam left his rented car and its keys in the airport parking lot. He didn’t bother to return the money that he had borrowed from his co-workers at the hotel.

Bassam’s plan was to invest the money – he no longer saw it as a loan, though – in a food items shop. The shop was set up, and Bassam felt safe and settled. But after a few months, the bank from which he took the loan filed a police complaint, since the loan was not being settled. The complaint went to the Interpol, via the Ministry of Interior of the UAE.

The complaint was against several debt dodgers, and Bassam’s name appeared in the list. One day, in Bassam’s own country, officers of the Criminal Investigation Department knocked on his door. He was taken to a police station for questioning and then he was presented with the accusation that he had taken a loan in the UAE and then fled the country with no intention of paying it back.

He confessed to this offense without much resistance, admitting that he had used the loan money to buy a house, a car, and to set up a shop in his own country.

The extradition case

Following his confession, he was formally charged and court proceedings were set in motion. The judge ruled that Bassam’s properties should be sold to repay the loan. His family sold Bassam’s house, car, and shop to the first buyers who’d take them. But because this was panic selling, they didn’t get the right price, and the sale proceeds weren’t enough for the loan.

So, now the family had to sell some of its own properties as well just to pay in full amount. After this, the court decided that Bassam should be extradited to the UAE to serve a one-year prison sentence, and then he’d deported back to his home country. And so it was done. Bassam came back, a broken man, someone with a criminal record. He was back to square one: someone with no employment, struggling to establish himself. His life is a lesson for the youth who squander away their best years.

 

Jobs

Editors Choice

Remains of slain OFW in South Korea to arrive in Iloilo today

Remains of slain OFW in South Korea to arrive in Iloilo today

The skeletal remains of Angelo Claveria, the slain Filipino worker in South Korea, will be flown to his hometown in Cabatuan, Iloilo 9:20 p.m. today, May 27, on board Philippine Airlines flight PR 2141. He will be laid to his final resting place at the Cabatuan...

Turn your visa change into a memorable experience

Turn your visa change into a memorable experience

Running out of time and your tourist visa is about to expire? Don’t fret, there is a simple solution; in fact, there are many. Here are the top 3, when it comes to more fun, less time, and limited budgets. Armenia – with free accommodation! What is better than touring...

2 OFWs dead in car accident in Australia

2 OFWs dead in car accident in Australia

Two Filipina nurses in Australia died in a car accident on Saturday, May 26. According to the Department of Foreign Affairs (DFA), the two were on their way to Melbourne to attend a religious event when the incident happened. The DFA said the identity of the two...

Rain to continue in UAE today as Cyclone Mekunu weakens

Rain to continue in UAE today as Cyclone Mekunu weakens

The UAE has been experiencing heavy rains since the weekend due to Cyclone Mekunu and it is expected to carry on today, May 27. The National Center of Meteorology (NCM) said that rain and thunderstorm will continue on Sunday and Monday, mostly in the eastern and...

LOOK: Jolina Magdangal gives update about her pregnancy

TV host and actress Jolina Magdangal took it to Instagram to give her followers some updates regarding her pregnancy. Magdangal first announced that she is pregnant with her second child with husband Mark Escueta last November 2017. She then announced a few months...

New batch of repatriated OFWs from Kuwait arrives in PH

A second batch of overseas FIlipino workers (OFWs) from Kuwait has arrived in the country on Sunday, April 27. The Department of Foreign Affairs welcomed 22 OFWs who were part of more than 600 workers who sought refuge at the Philippine Embassy in the Gulf state. DFA...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2017 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in EDITOR’S CHOICE
PRE-MARRIAGE COUNSELING
Published On  November 4, 2017
Sales assistant to multi-awarded filmmaker – a TFT Awardee’s story
Published On  November 4, 2017
Pinoy engineer hits it big in Abu Dhabi
Published On  November 4, 2017
Close