massive
I am a partner in dubai registered contracting LLC company. The other partner has written cheques on behalf of the company that have bounced due to insufficient funds. These were written in the hope that monies owed by the main contractor would be in the bank before the cheques were presented. Now the Bank has closed the account due to the bounced cheques.
The person who has the cheques is now treating to register the case with the police. As i did not sign the cheques, am i likely to be arrested and jailed? And am i liable for the debt?
Please help