* 'Nitish Kumar's food being ... ': Jitan Manjhi's startling allegation, a day after tongue-lashing from Bihar CM     * Supreme Court Raps Punjab Governor Over Delay In Bills    * Blinken brings a notable shift in US language toward Israel as pressure mounts at home and abroad    * Hidden camera catches ‘traumatic’ moment lift falls on passenger’s head when Air Canada staff struggle during the transfer to her wheelchair    * Edmonton police believe 11-year-old child was intentionally killed in daytime shooting

NRI businessman helps debt-ridden Indian prisoners’ release

Posted in World

Published on August 21, 2015 with No Comments

A Dubai-based Indian businessman has come forward to provide financial assistance to help the release of debt-ridden Indian prisoners who have been imprisoned for unpaid debts.

Firoz Merchant, Founder and Chairman of Pure Gold Jewellers, joined a charitable drive by the Consulate General of India (CGI) Dubai to provide relief to imprisoned Indians who have appealed for help on humanitarian grounds.

As part of the drive, five prisoners have been currently released from Merchant’s financial assistance. An amount of over $20,000 was donated to settle the debts of these prisoners.

“We have always supported CGI initiatives to help the underprivileged and now we have extended our help to those in prison for unpaid debts. The release of these five prisoners is the first step,” Merchant said. “Many Indians come to the UAE with big dreams and they prosper in this land but there are others who get trapped in financial crisis due to unfortunate circumstances often out of their control,” he added.

Merchant said the Indian Consulate evaluated the cases of those who appealed to them for help in settling financial debts and they bear the expenses for their release.

Each of the released prisoners had a story to tell on how they entered into debt.

Anurag Bhushan, Consul General of India, Dubai said they were moved by the stories of these prisoners who were victims of unfortunate circumstances.

“Along with them, their families also had to suffer as they were unable to clear the debts. As a first phase of this drive, we would be looking at deserving cases of prisoners who have debts below $2,000,” Bhushan said while appreciating the warm gesture of Indian businessman.

Merchant is a well-known business leader in the Middle East. He was ranked 26 on the Forbes Middle East List of Indian Owners 2014. Arabian Business placed him at 28 on its 2014 Richest Indians in the GCC list with an estimated net worth of $435 million.


No Comments

Comments for NRI businessman helps debt-ridden Indian prisoners’ release are now closed.