NRI businessman helps debt-ridden Indian prisoners' release
DUBAI: 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 said.
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 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.
DUBAI: 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 said.
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 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.
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 said.
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 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:
Post a Comment