The owner of Atlas, a jewellery chain in the GCC and India, has been sentenced to three years in jail for issuing two bounced cheques. Reports say MM Ramachandran wrote a cheque for AED 4 million and another one for AED 30 million to a local bank. The bank filed a complaint against the Indian businessman after he failed to settle outstanding dues in August, leading to his arrest in Dubai. Ramachandran’s lawyers are expected to appeal the ruling.

Brand Dubai to organise 'Al Etihad Parade'
UAE approves over AED 2.5 billion in housing support for citizens
Turkey denies allegations of UAE links in Istanbul espionage
UAE celebrates its workforce in Eid Al Etihad festivities
