According to the Met Department, inclement weather is expected to begin from the west by Wednesday night, extending over most areas of the country on Thursday
uae9 hours ago
The four are the manager, his brother and two employees of a well-known group of companies here. The police have not been able to arrest the owner of the group, a UAE businessman, a source in the police said.
More than 80 investors here had lodged separate complaints with the Al Ain Police on July 1 against the group's owner and the management. The complaints said the company cheated them of their money by promising that every investor would receive six per cent monthly profits on their capital.
"When the investors went to the bank to withdraw their monthly earnings, the cheques issued by the company bounced," said a police source.
When they rushed to the group's office premises, they were surprised to find the offices closed and the mobile phone of the company's owner switched off.
The police referred the case to the Al Ain Public Prosecution and the investigations so far have shown that the group owners have purchased construction and building equipment through post-dated cheques.
"Investigations have also revealed that the company has no money in its bank account," added the source.
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