Yusuff Ali to cash bail, Thushar likely to be released on Thursday
Dubai: BDJS leader Thushar Vellappally, who is under arrest in a cheque bounce case in UAE, is likely to get bail by Thursday evening.
Expat industrialist MA Yusuff Ali has intervened in the issue. Efforts are being made to deposit the money for bail by evening. Once the amount is deposited, Thushar can be bailed out on Thursday itself.
However, if no bail is granted today, Thushar will have to spent two days in jail as Friday and Saturday are public holidays in UAE. Yusuff Ali’s representatives have already reached Ajman, where Thushar is imprisoned. A ten-year-old cheque bounce case resulted in Thushar’s arrest on Tuesday.
A dishonoured cheque of 10 million Dirham which led to his arrest, was given by him 10 years ago. Cheque bounce case against Thushar was filed by Nazil Abdullah, a Thrissur native settled in Ajman, two days ago.
Thushar was called to a hotel in Ajman from Kerala to reportedly hold a negotiation meeting on the cheque issue. During the discussion, Thushar was arrested by the police based on information given by the complainants.
A company owned by Nazil Abudullah was the subcontractor under Boeing Constructions, a construction company owned by Vellappally Natesan in Ajman. However, Vellappally Natesan sold out the company 10 years ago as it faced huge loss. But Natesan owed money to subcontractor Nazil Abdullah. A bank cheque was given to Nazil to settle this. The case relates to this cheque which had not mentioned a date.
Thushar claims that the cheque has no validity. Money was paid back to Nazil Abdulla in instalments. Adding a new date on the cheque and taking legal actions is betrayal of faith, Thushsar claimed.