Accused extortionist blames victim



DUBAI // A Jordanian sales representative has denied threatening to kill a Russian tourist while holding her passport to ransom for Dh7,000 (US$1,900), claiming instead that the woman had tried to extort money from him. In the Criminal Court of First Instance, SM pleaded not guilty yesterday to the allegations but admitted a further charge of consuming alcohol. According to court records, the Russian tourist, Natalia Berkalo, 35, met the defendant on August 12. She told prosecutors that she caught a ride with him to her house and on the way realised she had misplaced her passport.

"I looked for my passport in the car but could not find it," she said. The next day, she said, she received a call from the defendant who informed her that her passport had been taken by a Russian man who had told him to contact her and tell her that it would be sold if she did not pay Dh5,000. The woman said when she refused, SM threatened to kill her if she informed the authorities and increased the demand to Dh7,000.

Yesterday, SM refuted her testimony and said he contacted the woman as soon as he found her passport. "Your Honour, I spoke to her and offered to return it," he said. "She had owed someone else money and she just wanted to extort me. She told me that she wanted Dh10,000 to drop the case." Police officers told prosecutors they had listened in on a telephone conversation between Ms Berkalo and SM, with her knowledge, and said they heard SM threaten her life.

"He said he would kill her and would not return the passport if she informed policemen and he was not paid Dh7,000," said one of the officers. The court heard that SM was also being investigated for an unrelated charge of rape. Prosecutors earlier urged the judging panel to deport the defendant. At a previous hearing, the deputy chief prosecutor, Khaled al Zarooni, presented the court with the defendant's prior convictions and said in a written statement that he habitually targeted tourists, classifying him as "a danger to society and the UAE's reputation".

The presiding judge, Hamad Abdel Latif, is scheduled to deliver a verdict on January 18. The suspect will remain in custody until then. @Email:amustafa@thenational.ae

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
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1. Chris Jones-Griffiths 2. Gio Fourie 3. Craig Nutt 4. Daniel Perry 5. Isaac Porter 6. Matt Mills 7. Hamish Anderson 8. Jaen Botes 9. Barry Dwyer 10. Luke Stevenson (captain) 11. Sean Carey 12. Andrew Powell 13. Saki Naisau 14. Thinus Steyn 15. Matt Richards

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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Company Profile

Company name: Big Farm Brothers

Started: September 2020

Founders: Vishal Mahajan and Navneet Kaur

Based: Dubai Investment Park 1

Industry: food and agriculture

Initial investment: $205,000

Current staff: eight to 10

Future plan: to expand to other GCC markets

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar


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