The chief executive of a property development company, who had been on the run for seven months amid accusations of writing bad cheques, has surrendered to the police.

IK, the head of Al Barakah, the developer behind what would have been the tallest tower in Ajman, surrendered to Dubai Police last Thursday and was officially arrested on Sunday, according to the public prosecutor’s office at Muraqqabat police station.

First Sgt Khaled Barakat said IK had told the police his business had worsened and he wanted to solve everything in the courts.

“He had one bounced cheque of nearly Dh10 million (US$2.7m), and the case has been sent to the court,” Sgt Barakat said, adding that further charges relating to other cheques may be forthcoming.
According to the cheques department of the Rashidiya police station in Dubai, 16 cases were filed against IK by February this year, the fraudulent cheques amounting to more than Dh40m.

Fugitive Al Barakah chief turns himself in to police - The National Newspaper