1) Every cent given out by the bank is insured. They know they kind of risk the banking business is prone too. So trust me, interpol or not, the banks always gets back a large chunk of the defaulted amount from their insurers.
2) Interpol has more serious issues to tackle than chase bank defaulters from a superficial country with no bankruptcy laws.
3) I ve known close to a dozen folks who has fled with amounts ranging from 250K AED to 750K AED each (credit card & loans) from DXB ... all are still living well. Some have relocated to other GCC states and working and some are frequently transiting through DXB.
I am a firm believer of the fact that the past will eventually catch up. My advise for you to now is to do the runner, but pay up diligently once you are on the other side.
1) Every cent given out by the bank is insured. They know they kind of risk the banking business is prone too. So trust me, interpol or not, the banks always gets back a large chunk of the defaulted amount from their insurers.
2) Interpol has more serious issues to tackle than chase bank defaulters from a superficial country with no bankruptcy laws.
3) I ve known close to a dozen folks who has fled with amounts ranging from 250K AED to 750K AED each (credit card & loans) from DXB ... all are still living well. Some have relocated to other GCC states and working and some are frequently transiting through DXB.
I am a firm believer of the fact that the past will eventually catch up. My advise for you to now is to do the runner, but pay up diligently once you are on the other side.
Be well.