Bahraini Ordered to Repay Gulf National's Investment

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

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A Bahraini man has been ordered by the Civil Court to repay 4,000 Bahraini dinars to a Gulf national investor, according to lawyer Reem Al Mahari. The Bahraini had promised to invest and double the investor's money, but failed to deliver on the agreement, prompting the investor to seek legal recourse.

Al Mahari detailed the case, explaining that a contract was signed in 2021 between her client (the Gulf national) and the defendant (the Bahraini). The agreement stipulated that the defendant would invest the plaintiff's 4,000 dinars and pay a 10% monthly return on the principal. However, the defendant failed to make any payments until the end of 2023.

The court's ruling stated that the plaintiff demanded the return of the 4,000 dinars investment, plus 4,800 dinars in purported profits. The court reviewed the contract (dated November 18, 2021), noting that clause four confirmed the defendant received the 4,000 dinars for a three-month period, without any extension as stipulated in clause three. The defendant, who was present in court, did not contest the contract's validity.

Furthermore, the court cited the defendant's judicial admission during hearings on June 26, 2024, and August 6, 2024, where he claimed to have reached a settlement by issuing checks totaling 500 dinars each to repay the 4,000 dinars. However, the court noted that this settlement was not formally completed.

The court concluded that the defendant was liable for the 4,000 dinars and ordered repayment accordingly.