ABU DHABI // An Emirati who paid Dh31 million at auction for the No 1 licence plate has been jailed for seven days after a cheque he wrote to pay for the special edition plate bounced.
The 32-year-old bought the plate earlier this month at an event at Emirates Palace hotel organised by Emirates Auction in cooperation with Abu Dhabi Police.
He has been remanded in custody for seven days pending investigation by the public funds prosecution which charged him with fraud and knowingly writing a bad cheque.
The man confessed under interrogation that he knew he did not have the sufficient funds, but he was planning to sell the plate at a profit to cover the amount.
The prosecution said he deliberately defrauded the Emirates Auction house.
newsdesk@thenational.ae
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Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
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Wednesday, June 22 v Qatar
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Saturday, June 25, final
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Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
