The Civil Supreme Court of Appeal canceled a ruling obliging the heirs of a well -known businessman to pay compensation for 150 thousand dinars to a woman who invested the amount with the deceased years ago, received returns with more than 440 thousand dinars, then returned to demand the original amount, and the court said that what the plaintiff received greatly exceeds the amount mentioned in the approval of the debt.
The lawsuit, according to what the lawyers, Zahrat Al -Jisr and Samra Abdul Rahim, started when she was raised by the businessman, in which she indicated that she invested 150 thousand dinars in the name of her daughter to the deceased businessman, and she said that she turned the amount to the businessman and recorded it in the name of her daughter to ensure her future right, and the deceased agreed to this without objection, and upon his death she resorted to recovering the amount, but she was informed that she had received 150 thousand dinars As monthly profits, and that she has no other money, and despite that, the plaintiff held her right based on the third item of an investment contract stipulating that she has a financial portfolio with the company, and it has the right to recover the amount at any time, as she stated that the deceased paid her 200 thousand dinars as profits during the period from 2013 to his death.
The court of first degree ruled to compel the legacy of the heirs to pay 150 thousand dinars to the plaintiff, so the heirs stabbed the ruling, and the lawyers, Samra Abdul Rahim and Zahra Al -Jisr, indicated what the plaintiff stated that the deceased had paid 200 thousand dinars as profits during the period from 2013 to his death, while the brother of the deceased witnessed that upon reviewing the books it was found that the plaintiff had received the amount of 444580 dinars, which was transferred to her accounts.
An expert was appointed in the lawsuit and another supplementary, where he concluded in his report that the mother of the appellant against her had handed over the deceased an amount of 150 thousand dinars for the purpose of investing in his company in 2011, and by reviewing the interest rates in force in the Central Bank of Bahrain, it was found that the interest in force in that period is 6.06%, and by calculating the analysis of the financial markets for that period, the loss rate achieved by the markets is 20.15% As a decline rate for companies, and after accounts and excluding the risks, the annual investment is at an amount of 22500 dinars, and thus the total return for the period is 118 thousand dinars, to which the original investment amount is added (150 thousand dinars), so that the total becomes 268 thousand dinars, and the amount paid by the deceased was 440 thousand dinars, and it is clear that the appellant is concerned with it occupied the heirs at the amount of 172 thousand dinars.
The court said in the reasons for the ruling that it reassures the report of the original and complementary accounting expert prepared upon the request, which ended that the total amounts paid for the inheritors of the appellants are original for the amount of investment for the appellant against the third and her mother is an amount of 440430 dinars, which is much more than the amount contained in the approval of the debt, and the court ruled to cancel the appealed judgment regarding what was required to compel a man The works are to pay for the intervention prosecutor an amount of 150 thousand dinars.
