Indian billionaire to pay for expat prisoners' tickets

Image
Press Trust of India Dubai
Last Updated : May 23 2017 | 1:48 PM IST
A Dubai-based Indian billionaire will donate a total of USD 130,790 a year to fund the return tickets of expatriates prisoners who have been released from jails in the UAE.
Firoz Merchant, founder and chairman of Pure Gold Jewellers, has just signed a memorandum of understanding with the UAE's Faraj Fund, a charity initiative that seeks to promote the welfare of inmates in the country.
Merchant promised to provide USD 130,790 (Dh 480,000) a year to fund the air tickets for released prisoners, to help them go back to their country and reunite with their families.
Faraj Fund was established in June 2009 in Abu Dhabi through a decree issued by the Minister of Social Affairs.
The fund will be extended to inmates who cannot afford to pay for their airfare. The Dh40,000 monthly budget will be released to Faraj Fund once it submits a list of deported inmates.
Mumbai-born businessman, who has an ongoing initiative to help clear the debts of expatriates who land in jail, has just secured the release of 132 prisoners by paying off combined borrowings worth Dh150,000.
"These prisoners are victims of circumstances and are not real criminals. They are in jail because of debt," Merchant had said.
Merchant is also working on providing financial aid to Ajman Police for the medical treatment of a policeman suffering from neurological disorder. An amount of Dh60,000 shall be allocated for his Chinese acupuncture treatment in Jordan.
"In unity with the Year of Giving initiative, we are working with the prison and law enforcement authorities to help insolvent prisoners; as well as members of the police force who work hard to ensure we continue to live in a secure and happy community," Merchant said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2017 | 1:48 PM IST

Next Story