Industrial Refusal to Include Checks in The Amnesty Law

20-Jan-2019

The industrial sector confirmed its complete refusal to add the exemption of checks to the draft amnesty law currently being studied by the House of Representatives. 

The industrial sector said during a rally on Sunday evening that the inclusion of checks in the draft amnesty law will have serious economic repercussions on the business environment and investment in the Kingdom, in addition to damaging the dealings between all economic sectors, not to mention the loss of financial rights to industrialists especially And the private sector in general, and is causing great complications in the economic cycle in financial transactions in the banking system. 

The industrialists agree that the exemption of checks will negatively affect the investment environment in the Kingdom and lead to the flight of investors. A number of non-Jordanian investors said during the meeting that they are considering closing their investments in Jordan worth tens of millions and transferring them to another country. 

The industrialists stressed the need not to include amnesty for fugitives from the judiciary and those who have not been held accountable for violating the rights of their clients through the issuance of checks with no balance. 

A number of industrialists said during the meeting that they would stop dealing with checks if they were included in the amnesty law, which would lead to the collapse of the impending economic cycle in the Kingdom, and the inability of many factories to pay the salaries of their employees who support more than one million citizens. And the lack of flow of hard currency of exports estimated at 6 billion dollars and the cessation of the banking system and the credit process because of the existence of a large amount of checks in the collection to ensure facilities. 

At the end of the meeting, the attendees called upon all representatives of the Jordanian private sector to agree on any escalating steps against the inclusion of check cases in the general amnesty law, calling on the members of the House of Representatives to assume their responsibilities to protect the national economy in the difficult circumstances of this economy.











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