Thushar Vellappally cheque bounce case: Dud cheque talks fail as BDJS chief refuses to pay
By The Indian Express 27-Aug-2019
Thushar, who had earlier expressed his willingness for an out-of-court settlement, toughened his stand on Monday, making it clear he was not ready to pay the amount demanded by Nazil. According to Thushar,
Nazil, a native of Mathilakam in Thrissur, demanded AED 3 million (approximately Rs 5.87 crore) to settle the case. However, Thushar refused to pay as he felt the case would not stand. “The complainant who filed the case demanding payment of AED 9 million is now demanding AED 3 million. I am not willing to pay the amount as it is a non-existent deal. The case will continue and I will be presenting all relevant documents before the court,” Thushar told Express.
He claimed the cheque was stolen from the now-defunct Boeing Construction Company LLC. “There is no personal contract between me and Nazil. The cheque he produced pertains to the Boeing Constructions and it is a joint account. So, other partners also have to sign it. The contract between Boeing Constructions and Nazil’s company was worth only AED 6.75 lakh. Due to the recession in the UAE, the client defaulted on the payment of AED 7.5 lakh to our company for which we have documental evidence. Though we suffered a huge loss, we managed to make part payment to the subcontractors including Nazil. So there is no need for me to go for a settlement,” said Thushar. However, Nazil said that negotiations were on but the amount offered by Thushar was too meagre for him to accept.
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