Crash victim Sanjay Gupta’s cousin Bhagedan Gupta has been authorised by the family to deal with the compensation claim. Pawan Singh / The National
Crash victim Sanjay Gupta’s cousin Bhagedan Gupta has been authorised by the family to deal with the compensation claim. Pawan Singh / The National
Crash victim Sanjay Gupta’s cousin Bhagedan Gupta has been authorised by the family to deal with the compensation claim. Pawan Singh / The National
Crash victim Sanjay Gupta’s cousin Bhagedan Gupta has been authorised by the family to deal with the compensation claim. Pawan Singh / The National

‘All the dreams are shattered’: father of bus crash victim had borrowed money to send son to Dubai


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ABU DHABI // An impoverished farmer in India whose son was one of 13 workers killed in the Dubai bus crash spoke on Tuesday of his family’s grief, their shattered dreams and his struggle with debt.

Ramchand Gupta, 50, borrowed money from relatives to send his son Sanjay to the UAE four months ago in the hope of a better life. The plan was that he would repay the debt with some of the money Sanjay sent home from his Dh1,200-a-month wage as a pipe-fitter.

But Sanjay and 12 colleagues from India and Bangladesh died when the bus taking them from their accommodation in Umm Al Quwain to work in Jebel Ali on May 10 ploughed into a stationary lorry on Emirates Road. Sanjay left behind in India a wife, a little girl aged 18 months and a boy aged 4, and an extended family.

“All the dreams are shattered,” his grieving father said on Tuesday at his home in Uttar Pradesh state in northern India. “In four months, destiny played a horrific game and snatched my son, leaving us in frightening darkness.”

Sanjay’s wife and children cry all day and the little boy and girl ask for their father, Mr Gupta said.

He borrowed 30,000 rupees, just under Dh2,000, to send his son to Dubai, and has not been able to pay any of it back.

“Already I had debt. But I borrowed this amount hoping that quickly I’ll repay them as soon as my son starts remitting money.

“My son was the only source of assistance – now who will finance our expenses?

“I am shuttling between administrative and judicial department offices to collect the required documents to send to Dubai to help claim compensation.”

Sanjay’s cousin Bhagedan Gupta, 27, who lives in Umm Al Quwain and works as a metal fabricator in Sharjah, has been authorised by the family to take up the compensation issue.

“I have approached a lawyer in Dubai and I am arranging documents,” he said.

“The major problem with Sanjay’s family is that he left behind two very young children and the concern now is about their upbringing.”

The bodies of the 13 victims, nine from India and four from Bangladesh, were finally repatriated last week, more than 10 days after the crash.

The delay was attributed to paperwork, and airline regulations stipulating that only two bodies could be carried on a flight, the Indian consulate said.

The cost of repatriation and tickets for accompanying relatives was met by the victims’ employer.

“By Thursday all four Bangladeshi bodies were sent back, where they performed the last rites and buried them. But it took too much time,” said Mohammed Ahmed, whose nephew Nazrul Islam, 28, was one of the Bangladeshi victims.

Nazrul’s mother, 65, suffers from heart disease and he was aiming to save money for treatment.

“The next step is to fight for compensation,” said Mr Ahmed, who has lived in the Sonapur labour camp in Dubai for the past six years.

Some of the victims’ relatives are expected to file individual cases for compensation, but others will go through the consulates here because they can help with court procedures and documents.

Dubai police have already filed the case to Public Prosecution. The court will decide who is liable and order them to pay compensation, said Nizanur Rahman, the first secretary of labour at the Bangladeshi consulate in Dubai.

Those held responsible then approach their insurance company to deposit the compensation with the court. Once all the money is deposited, the victims authorise representatives to file a case to claim the money, said Mr Rahman.

He said he hoped the process would take two to three months but sometimes it could take up to a year.

The Indian embassy has a free, 24-hour inquiry helpline at 800 46342 (800-India) in English, Hindi, Tamil, Malayalam and Telugu.

anwar@thenational.ae

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

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6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

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6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
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Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
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7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

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8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

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8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

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9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

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