Billionaire “Parsley” Arrested in Dubai for His Son’s Debts: He Spent 5 “Green Sticks” And Still Has Not Been Released | the Chronicle

Millionaire businessman arrested by Dubai police and jailed over mega debt incurred by his son. What happened? the child melted and his father was legally responsible for the clothesline he had left in the Arab country.

The company went bankrupt and since the boy was not in the country, the father had to take charge of the conflict. “I am not a criminal”, he assured after his arrest.

In 2019, police officers entered police offices with an arrest warrant. Albert douglas, 60 years. The man was accused of being responsible for the debts of the company of his descendant. After an unfavorable court ruling, he was arrested. Then Douglas tried to emigrate, but they captured him.

What happened to your son?

Wolfgang douglas, 34, founded the company in 2007 TimberWolf, and his father was one of the signatories of the company. However, the man’s bond with the company ended in 2018, when Douglas Sr. renounced all engagement.

In 2019, Wolfgang traveled to the UK for medical treatment. Without his presence, the business spiraled out of control and checks issued to suppliers began to rebound.. As a result, the creditors took legal action and filed claims against Wolfgang and his father.

The boy tried to solve the UK’s problems because he knew that with the amount of money he owed he was going to end up in detention. According to Dubai law, Anyone connected to a business that owes money can be held responsible for their debts, and family members are often persecuted for paying.

With the young man not present, he targeted Albert, who was in Dubai and ended up losing the case against him. At this moment, the billionaire had already spent £ 1million ($ 1.3million) on his defense and the 3-year prison sentence added £ 2.5million in fine.

After several trials, Albert they gave him bail trying to avoid jail. To all the money he had already spent, there was an additional £ 850,000 in legal fees to protest his innocence. Last February, the courts rejected his proposals and this time he had to serve his sentence.

It was then that he decided to cross the border to avoid jail, but was captured, arrested and transferred to Al Ain Prison in Dubai, where he was held for two months.. Then to Bur Dubai Prison, famous for being the place where they hold other people convicted of money laundering. Albert is to date.