3 days ago
Court cancels BD150,000 payout after proof of larger returns
A Bahraini investor claiming BD150,000 in unpaid returns has lost her appeal after judges found she had already received almost BD440,000 from the late businessman at the centre of the dispute.
The Higher Civil Court of Appeal in Manama set aside an earlier ruling that had instructed the heirs of the entrepreneur to hand over BD150,000.
Judges accepted evidence from a court accountant showing payments totalling BD440,430 reached the claimant and her mother during the entrepreneur's life.
The row began in 2013, when the claimant placed BD150,000 with the businessman under her daughter's name, seeking a steady profit stream. The businessman agreed to the arrangement.
After his death, the woman demanded the sum, insisting that only BD150,000 in profit had reached her.
