According to local media reports, the move to cancel all the
unpaid cheques was part of efforts by the new finance minister to "combat rampant corruption and payments made to shell companies that have not delivered goods or services to the government.
The aim is to find solutions to thousands of expatriate workers who are banned from leaving Bahrain over
unpaid cheques and dues," the minister said.
The twist in the case, which marks the first time Christos Orphanides has been held accountable for his company's bad debts, is expected to be of immense significance in light of other cases pending against Orphanides in connection with
unpaid cheques issued.
THE Ritz casino has won a High Court battle to recover PS1 million on
unpaid cheques from a wealthy gambling addict.
092 billion liabilities regarding
unpaid cheques on June 30, 2013.
The landlord, within his legal right, has initiated a criminal case against me for
unpaid cheques, even though they know what the situation is.
Some banks return
unpaid cheques with the remarks of "insufficient funds" even when actual reasons of dishonour or defects in the instruments are different.
Cahoot suits me as I can keep an eye on my money wherever I am, but it also has a good overdraft buffer, so if I do spend more than I have, I won't face hefty fines or
unpaid cheques.
Last is the post office whose role in the game was very limited until the State Bank of Pakistan enhanced it under its proposal that the banks should mail back the paid bills or
unpaid cheques to the customers.
The problem is that
unpaid cheques incur interest and car agents charge about two per cent a day for the unpaid money.
