Industry of ِAmman: The Inclusion of The Offense of "check without Balance" Pardon The General .. weaken Investment in The Kingdom

29-Dec-2018

The Chamber of Industry of Amman called for not covering the crime of the check, which is not associated with the personal claim of the draft general amnesty law, which will be transferred to the House of Representatives this week, stressing that the inclusion of this offense with the amnesty will adversely affect the investment environment in Jordan, through the loss of these investors to their rights, The need to meet the requirements of the production process and pay their bank obligations and the rights of their employees. 

The Chamber added that the Jordanian judiciary is currently considering cases related to the offense of issuing a check without a balance exceeding the value of millions of dinars. Some of them have issued judicial rulings in which the defendants have been executed and prosecuted through the International Police. However, the amnesty law may cover these cases and remove the criminal case. , Which wastes the financial and penal rights of industrial companies, which it obtained after many years of litigation. 

The Chamber pointed out that the exemption of this crime will lead to the abolition of the criminal guarantee that obliges the complainant to pay the check and can pay the check in the manner he deems fit, thus prolonging the repayment of the debt to eliminate the criminal case, which required him to pay the full value of the debt. The Chamber called on the Legal Committee of the House of Representatives to respond to this item contained in the draft amnesty law protect the rights of investors. 

The Chamber pointed out that the exemption of this crime will lead to the loss of investor confidence in the check as a way to full fill the business dealings, and will encourage the weak souls to persist in this phenomenon, which has increased significantly in recent years. The figures indicate that the total checks returned last year, 482.4) checks of one and a half billion dinars, were returned either for insufficient stock or for other technical reasons. 

The Chamber warned that such a decision would lead to a decline in Jordan's ranking in the Global Competitiveness Report, which ranked Jordan 73rd out of 140 countries because of the lack of proven legislation whether legal or tax, which according to the first competitive report in 2016/2017 and the third obstacle In the competitive report of 2017/2018 and gives a negative picture of investment in Jordan abroad and leads to the escape of existing investors.









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